Singapore Back to Real Estate News Homepage to RSS for this country

SG Property News

SG Entire 20th floor at Peninsula Plaza for sale

Property Here - Monday, October 21, 2013

Share to:

The entire 20th floor of Peninsula Plaza (pictured) is up for sale via expression of interest (EOI), according to marketing agent DTZ. 

The subject property has a total strata area of 8,514 sq ft and comprises six strata units ranging in size from about 990 to 1,776 sq ft.

Interested parties can bid for individual units or the entire level at an indicative price of S$21.3 million, which translates to S$2,500 psf on the total strata area.

Offered on a 999-year lease, the site offers easy accessibility to the central business district and is close to City Hall MRT Interchange and the upcoming Capitol integrated development.

Shaun Poh, Head of Investment Advisory Services and Auction at DTZ, said: “We expect keen demand from end-users who appreciate a good quality office in a central location, as well as investors who will benefit from rejuvenation of its immediate neighbourhood with the development of the upmarket Capitol project and the limited office supply in the CBD fringe till 2015.”

The EOI exercise will close on 3 December.