Strata office units at Southpoint sold for $32.68 million

Savills Singapore, who brokered a record high deal for strata office units at Southpoint, an office building located at 200 Cantonment Road in Singapore, have recently sold these units for an impressive $32.68 million. Spanning 10,893 sq ft, this translates to a sale price of $3,000 psf, marking a record high in terms of price psf that has ever been transacted at Southpoint.

Yap Hui Yee, executive director, investment sales & capital markets at Savills, who brokered the deal, had also previously sold two floors at Southpoint for $2,444 psf in 2019. Yap commented, “It’s a strong testament that with Savills’ unparalleled local market knowledge, we are able to advise our clients to achieve the highest price and best exit strategy for their acquisition.”

Situated in District 2 near the Greater Southern Waterfront precinct, Southpoint is a 16-storey office freehold commercial building that is within walking distance of the Tanjong Pagar and Outram MRT Stations, as well as the upcoming Cantonment MRT Station.

The most recent transaction at Southpoint was in December 2022, when a strata office unit on the 12th floor sold for an impressive $43 million ($2,681 psf).

Savills Singapore have been able to broker a record high transaction for strata office units at Southpoint, with the sale of units for $32.68 million translating to a sale price of $3,000 psf. Yap Hui Yee, executive director, investment sales & capital markets at Savills Singapore, comments on the success, “It’s a strong testament that with Savills’ unparalleled local market knowledge, we are able to advise our clients to achieve the highest price and best exit strategy for their acquisition.”

Located in District 2, Southpoint is a 16-storey office freehold commercial building that is within walking distance of the Tanjong Pagar and Outram MRT Stations, as well as the upcoming Cantonment MRT Station. The most recent transaction at Southpoint was in December 2022, when a strata office unit on the 12th floor sold for $43 million ($2,681 psf).

Savills Singapore were able to demonstrate their local market knowledge to bring a successful sale to clients. This is evidenced by Tengah EC Yap Hui Yee’s previous brokered deal in 2019 of two floors at Southpoint, selling for $2,444 psf, as well as the most recent transaction at Southpoint in December 2022. These transactions highlight the success of Savills’ exceptional knowledge and experience, providing the best strategy for clients acquisitions.