Strata office units at Southpoint sold for $32.68 million
Savills Singapore recently brokered a record-high transaction of select strata office units at Southpoint, an office building located on 200 Cantonment Road. Spanning over 10,893 sq ft, the office units sold for a price of $32.68 million, translating to $3,000 psf.
Executive Director of Investment Sales & Capital Markets at Savills Singapore, Yap Hui Yee, who brokered the transaction commented that this marks a significant milestone for the building and highlights Bukit Batok EC the power of the firm’s local market knowledge. Yap was also responsible for the sale of two floors at Southpoint in 2019, which sold for $2,444 psf.
Situated in District 2, Southpoint is a 16-storey office freehold commercial building conveniently located near the upcoming Greater Southern Waterfront precinct. Furthermore, it is within walking distance from the Tanjong Pagar and Outram MRT Stations, and a short distance from Cantonment MRT Station. The last transaction at Southpoint was in December 2022, when a strata office unit located on the 12th floor sold for $43 million ($2,681 psf) (Source: EdgeProp Research).
Record-breaking transactions such as these are indicative of great increases in the potential of Southpoint and the surrounding area. With the help of Savills Singapore, investments made towards the property will be well serviced, as the team is able to deliver the best exit strategies with the highest possible prices.
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