The renovated office flooring has a strata region of approximately 10,527 sq feet and will be sold to a vacant possession basis. It includes exclusive usage of the elevator lobby, pantry and restrooms.
All the developers submitted Clavon Clementi price bids between $452 m and $417.57 m.
Springleaf Tower was finished in 2002. It’s found at Singapore’s central business district (CBD), in the core of the Tanjong Pagar sub-market.
Savills stated that it’s among the hardly any strata office improvements which control Grade A specifications.
The land has approximately 100m of notable street frontage in Anson Road, with immediate underground, full access entry to Tanjong Pagar MRT station.
Savills added that Springleaf Tower always has a higher occupancy rate. The office floors are”consistently closely held” with a really few of owners, ” it mentioned.
Every office floor at the construction includes specifications like a column-free design, raised floor, full-height windows and varying rotational flow air conditioning, allowing for independent flooring functioning.
Mr Galven Tan, Savills Singapore deputy managing director of investment sales and capital markets, stated:”Against the background of tight strata office distribution at the CBD, we think that this offering is a fantastic prospect for both owner-occupier and investor to buy a premium-grade strata office flooring.”
He added that Tanjong Pagar is your CBD gateway into the projected Greater Southern Waterfront, one of the major focus regions of the Urban Redevelopment Authority in the next several years.