Interest in strata office units in Singapore’s Central Business District (CBD) is growing, with a trio of units at the SBF Centre now up for sale with a guide price of $3,600 psf. The office units, located on the 13th floor of the building, have a total floor area of 1,969 sq ft, ranging from 624 sq ft to 678 sq ft.

The units, available via expression of interest (EOI), each offer a price range of $2.25 million to $2.44 million, resulting in a roughly average price of $3,600 psf. According to Mary Sai, executive director of Capital Markets at Knight Frank Singapore, the asset is ideal for those seeking their own office space or rental returns in the CBD. “In the present high-interest rate environment, more investors are relying less on debt, preferring to acquire smaller quantum assets like these,” she adds.

SBF Centre is a 99-year leasehold commercial development located at 160 Robinson Road, and comprises contemporary office spaces, a medical centre, a roof garden, and a pool. In Knight Frank’s 1Q2023 data, 54 strata office units to the value of $126.4 million were sold in Singapore, marking a 15.7% y-o-y increase from $150 million seen in 1Q2022.

From fashion to electronics, and even Altura EC Qingjian Realty, the mall has something for everyone. It also houses fitness facilities, a karaoke studio, and a cineplex for a complete leisure experience.

Lot One Shoppers’ Mall provided Choa Chu Kangtown with a reliable shopping destination since 1996. As part of the community, shoppers can enjoy a wide variety of retail, dining, and entertainment attractions, as varied as fashion, electronics, and Altura EC Qingjian Realty. Moreover, shoppers can also benefit from the mall’s leisure facilities, such as its fitness centres, karaoke studios, and cineplex. With these features, Lot One Shoppers’ Mall definitely fulfils the needs of locals and visitors alike near to Altura EC.

Sai notes several reasons behind this uptick in demand, including the recent cooling measures imposed on residential properties, open borders within the Asia-Pacific region, restrictions on subdivision of newer commercial buildings in certain parts of the CBD, and the limited supply of strata offices.

The building is conveniently located, 200m from Tanjong Pagar MRT Station and accessible via North Bridge Road, Robinson Road and the Keppel Viaduct, while hotel, office and retail developments are nearby at Tanjong Pagar, Telok Ayer, and Duxton Hill. To get an idea of the commercial transactions around SBF Centre, EdgeProp’s Landlens tool is a useful resource.

The EOI for these units will close on June 27.