Savills Singapore brokered the sale of office units in Southpoint for $32.68 million

Savills Singapore is pleased to have transacted the sale of select office units in Southpoint at $32.68 million. This translates to $3,000 psf, setting the highest record per square foot (psf) price in Southpoint. The commercial strata office units sold span over 10,893 square feet.

The freehold commercial property is located at 200 Cantonment Road in District 2. It is located near the highly-anticipated Greater Southern Waterfornt, one of Singapore’s biggest redevelopment projects, which will be a new major gateway and location for urban living along Singapore’s southern coast by 2026. The property is well-connected and is situated close to Tanjong Pagar MRT (EW15), Outram MRT (NE3/EW16) and the upcoming Cantonment MRT (CC31).

Ms. Yap Hui Yee, Executive Director, Investment Sales & Capital Markets at Savills Singapore, who brokered this record-breaking deal, had previously brokered the sale of the 10th and 11th floor of Southpoint in 2019 for $2,444 psf.

Ms Yap Hui Yee shares, “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.”