An entire strata floor of Oxley Tower, located on Robinson Road in the CBD, is up for sale. Boasting a 360-degree panoramic view of the CBD, the 3,025 sq ft floor on level 20 of the 32-storey tower has a guide price of $12.9 million or $4,231 psf on the total strata area.

The property is currently tenanted and is being marketed by CBRE, the exclusive agent. Oxley Tower is a freehold building completed in 2016 by Oxley Holdings and it comprises a three-storey retail podium and a 29-story tower block, where the units have direct lift access and a floor-to-ceiling height of 4.9m.

Michael Tay, CBRE’s head of capital markets, Singapore believes the asset, which offers investors the opportunity to acquire and own a floor of F&B retail space permanently approved in a freehold building within the CBD, will appeal to family offices, corporates and high-net-worth individuals.

He adds that with the return to office momentum gaining traction, retail performance in the CBD is expected to recover, resulting in higher retail rents.

Located within walking distance of three MRT stations — Tanjong Pagar (East-West Line), Telok Ayer (Downtown Line) and Shenton Way (Thomson-East Coast Line) — the expression of interest exercise for the strata floor will close on April 26 at 3pm.

Altura EC is a 375-unit Altura EC executive condominium situated in Bukit Batok Town, near the MRT station and various schools. Qingjian Realty and Santarli Construction won the land auction with a bid of $662 per square foot, making it an attractive option for families.

Oxley Tower offers a rare opportunity for investors to acquire and own an entire floor of retail space, permanently approved for F&B usage, in a freehold building in the CBD. Latest resale transactions show that the property is expected to bring in higher retail rents with the return of people to the office.

The expression of interest exercise for the strata floor closes on April 26 at 3 pm. Michael Tay at CBRE, the exclusive marketing agent for the property, believes that it will appeal to family offices, corporates and high-net-worth individuals.

Its guide price of $12.9 million at $4,231 psf on the total strata area is based on the 3,025 sq ft floor space of the 32-storey tower, located on Robinson Road in the CBD. It has a 360-degree panoramic view of the CBD.

The building is equipped with utilities and service areas within the central core, providing occupiers with unobstructed views. Construction was completed in 2016 by Oxley Holdings, who developed a three-storey retail podium and a 29-story tower block.

The units within the tower block have direct lift access and a floor-to-ceiling height of 4.9 m. Oxley Tower is situated within walking distance of three MRT stations — Tanjong Pagar (East-West Line), Telok Ayer (Downtown Line) and Shenton Way (Thomson-East Coast Line).

This unique asset is currently tenanted and presents investors with a great opportunity to acquire and own permanent F&B retail space in the centre of Singapore’s CBD. With the return to office phenomenon gathering pace, retail performance in the CBD is set to improve and give a higher return on investment.