CBRE has been appointed as the exclusive marketing agent for an office unit in Chinatown Point. Michael Tay (郑兆能), Head of Capital Markets, Singapore at CBRE says, “One of the many key selling points include the spectacular view that only high floor office units can command. 

The sale will be by way of Expression of Interest, which closes on 5 August 2021 at 3pm.

Located on Level 18 overlooking Singapore River, shophouses and the CBD skyline, the office unit has a strata floor area of approximately 2,347 square feet.

With an indicative guide price of S$4.46 million, the office unit can be sold vacant or with a leaseback arrangement for one year. Both locals and foreigners are eligible to purchase the subject property, which is zoned for “Commercial” use. There will be no Additional Buyer’s Stamp Duty or Seller’s Stamp Duty imposed on the purchase.

Chinatown Point is one of the largest strata-titled commercial developments in proximity to the CBD, comprising an office block from the 8th to 25th storey and a retail podium from basement 2 to the 5th storey.

Enjoying a prominent triple frontage along New Bridge Road, Upper Cross Street and Upper Hokkien Street, Chinatown Point boasts an underground pedestrian link to the Chinatown MRT interchange station, a sheltered linkway to Hong Lim Complex/Food Centre and a generous car parking provision of 361 lots across four levels. A supermarket, eateries, restaurants, travel agencies and the National Library Board's first Chinese arts and culture-themed library are amongst its current offerings.

Michael Tay (郑兆能), Head of Capital Markets, Singapore at CBRE says, “One of the many key selling points include the spectacular view that only high floor office units can command. We’ve noticed that this development has been extremely popular with law firms wanting to be near the State Courts, and the Family and Juvenile Court. Additionally, the newly completed 35-storey State Courts Tower is within a three-minute walk and this will further enhance the attractiveness of the development to legal and other professional services firms.”

Mr Tay continues, “Many occupiers here are attracted by its strong locational attributes of being close to the CBD, the myriad of amenities in the vicinity and the direct linkage to Chinatown MRT Interchange Station which serves the North- East and Downtown lines. These positive attributes and the view of hedging against inflation may encourage business owners to buy the unit for owner occupation.”

“On the investment front, against the backdrop of tight office supply in the short to mid-term, we believe this offering will appeal to investors, including family offices, high net-worth individuals and boutique investment firms, who may be looking to buy into a recovering office rental cycle,” concludes Mr Tay.

Conveniently located within the heart of the Chinatown precinct, Chinatown Point enjoys an array of amenities including Park Royal Pickering and Hong Lim Food Centre. It is also easily accessible via various expressways such as Central Expressway (CTE) and Ayer Rajah Expressway (AYE).

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact form below.