The commercial building at 110 Robinson Road in the Central Business District has been put up for sale with an indicative price tag of $45 million and this is marketed by Cushman & Wakefield as sole agent.
This commercial property was completed in the eighties with twelve storeys of which eleven are office space and a retail unit on the ground floor. This commercial real estate has a freehold land tenure with land size of 1,853 square feet with rentable or lettable floor area of 14,233 square feet. The zoning for this site is of commercial use having a plot ratio of about 11 which when completed as new commercial property offering new office space will yield up to building height control not exceeding 35 storey.
According to Cushman & Wakefield, strong influx of liquidity is finding its way into Singapore for its prime office assets in the Central Business District from foreign investors with the latest high profile acquisitions of Asia Square Tower 1 being transacted at $3.4 billion to Qatar Investment Authority by BlackRock and also notably Straits Trading Building being sold at $560 million to Indonesian tycoon Tahir by Sun Venture.
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