CBRE has announced the sale of a premium freehold office unit at Southpoint, located at 200 Cantonment Road in Singapore’s Central Business District (CBD). The sale will be conducted through an Expression of Interest (EOI) exercise, closing on 21 April at 3pm. The office, spanning 6,415 square feet, is situated on a high floor with sea views and features a prominent lobby frontage and a column-free layout.
The property is currently fully tenanted, providing immediate and stable rental income for potential investors. Its versatile design allows for future subdivision to accommodate multiple tenancies. The office is strategically positioned at the intersection of the CBD and the Greater Southern Waterfront, an area undergoing significant transformation into a vibrant lifestyle and commercial hub.
Clemence Lee, Executive Director of Capital Markets at CBRE, highlighted the robust interest in freehold strata offices due to their potential for long-term wealth preservation and capital appreciation. “These opportunities are increasingly rare in the CBD,” Lee stated, noting the limited existing stock and restrictions on new strata commercial subdivisions.
The indicative guide price for the property is S$20.5m, or approximately S$3,195 per square foot. As a commercial property, it is open to foreign buyers without the imposition of Additional Buyer’s Stamp Duty or Seller’s Stamp Duty. With its prime location and strong rental demand, the Southpoint office is expected to attract significant interest from investors.
