http://www.straitstimes.com/Money/St...ry_773801.html
60% of PS100 buyers are S'poreans, PRs
Published on Mar 5, 2012
SINGAPOREANS and permanent residents made up 60 per cent of the buyers of Far East Organization's strata office development PS100, at Tanjong Pagar.
The development, which is the first under Far East's dedicated business SOHO brand, saw all its 100 units sold out after sales started over the weekend.
Prices for the strata office units, which range in size from 420 to 517 sq ft, average $3,000 per square foot.
Corporate buyers accounted for another 20 per cent. The businessmen came from various sectors including shipping/logistics, investment, trading, business consultancy, and professional services.
PS100 is part of an integrated hotel-office development, occupying levels 7 to 11 of the upcoming Oasia Downtown, a 27-storey business hotel.
A buyer, Mr Tham, who bought two units - one to rent out and the other for his own use - said: 'The Marina Bay area is going to see more development so this is a good chance to come in early before prices rise.'
A recent Colliers International study noted that occupancy levels of such strata office spaces located in the central area was estimated at 91.7 per cent as of February.
A plus for tenants is the professional concierge services offered at the integrated hotel, and the use of its meeting rooms and business centre for a nominal fee.
Each office unit comes with 5m high ceilings, a kitchenette and attached bathroom, and dedicated air-conditioning unit.