Two floors at Springleaf Tower for sale

Jul 22, 2021

TWO office floors - levels eight and nine - at Springleaf Tower have been offered with a guide cost of S$ 2,500 per square foot on strata area, said special marketing representative CBRE on Wednesday.

With a strata flooring area of 10,333 square feet each, each of the two floors has a guide rate of S$ 25.8 million and are to be offered either separately or collectively, CBRE stated.

The sale will be conducted through expression of interest that will close on Aug 25 at 3pm.

The 37-storey Grade A office building, located at 3 Anson Road, is 99-year leasehold, starting from 1996, and is zoned for industrial usage.

Foreign residents are allowed to purchase the property, CBRE stated.

As Springleaf Tower is exclusively held by only a few owners, it is reasonably unusual for office property within the building to be put up for sale, kept in mind Michael Tay, head of capital markets, Singapore at CBRE.

"Against the background of a tight Grade A CBD office supply, we are positive that the offering will highly appeal to investors with a mid- to long-term financial investment view to capitalise on the increasing rents and capital gains," he included.