The Zhou family from Shanghai who picked up an office block at 137 Cecil Street last year has bought a 60 per cent stake in the company that owns the next-door property at 139 Cecil Street. The latest deal is said to value the 11-storey property at S$140 million. It is on a site with 99-year leasehold tenure starting Aug 20, 1981, which means the balance lease is around 64 years. Written permission...
Cecil Street
A company linked to low-profile investor Denis Jen, who owns shopping malls in Australia, is buying 158 Cecil Street for S$240 million from a fund managed by Alpha Investment Partners, the fund management arm of Keppel Land. The price works out to about S$2,100 per square foot based on the 14-storey building's net lettable area of around 115,000 sq ft. 158 Cecil Street is on a site with a balance lease...
A commercial site at Cecil Street/Telok Ayer Street attracted four bids at the close of tender yesterday, with the top bid of S$924 million coming from Fraser & Neave unit FC Commercial Trustee, data from the Urban Redevelopment Authority showed. The 99-year leasehold site, originally made available through the Reserve List of the Government Land Sales programme last December, was put up for tender in...
A commercial site at Cecil Street/Telok Ayer Street has attracted four bids at the close of its tender on Thursday. The top bid was submitted by Frasers Centrepoint through FC Commercial Trustee Pte Ltd for S$923.95 million. This works out to about S$1,111 per square foot per plot ratio. The lowest bid came in at S$707 million from AT Capital Holdings. Analysts expect the break-even for this site to...
The Urban Redevelopment Authority (URA) launched a 0.8-hectare commercial site at Cecil Street/Telok Ayer Street for public tender on Tuesday. URA had earlier received a commitment from a developer to bid at least S$623.73 million for the site. Under the Reserve List system, the site will be put up for sale by public tender as the minimum price committed by the developer is acceptable to the...
In about two weeks, developers can start bidding for the site at Cecil Street/Telok Ayer Street. The sale for the reserve site was triggered after an unknown developer has committed to bid at least S$623.7 million in the tender. The Urban Redevelopment Authority (URA) said the land parcel spans 7,600 square metres. It has a maximum permissible gross floor area of 77,000 square metres and can be...
The Urban Redevelopment Authority (URA) has released the detailed sales conditions for the two commercial sites at Venture Avenue and Cecil Street / Telok Ayer Street today. The land parcel at Venture Avenue is launched for sale by public tender under the Confirmed List, while the land parcel at Cecil Street / Telok Ayer Street is made available for application for sale under the Reserve List of the 2nd...
The Urban Redevelopment Authority (URA) on Tuesday launched the tender for a commercial site at Robinson Road and Cecil Street. The land parcel, located within walking distance to Tanjong Pagar MRT Station, occupies a prime location in the heart of the Central Business District. The 0.29 hectare site, which can generate about 32,000 square metres of gross floor area, is poised to be developed into a...
The Singapore Land Authority (SLA) has awarded the first two sites for transitional office space this year. One of the most keenly-watched sites was the former Home Affairs Ministry complex at Phoenix Park. The parcel was awarded to LHN Facilities Management, which will pay S$368,888 in rent per month. 11 bids were received for the Phoenix Park site, 10 of which were above the guide rent of S$165,000...