Strata Office Floor Gb Building Cecil Street Sale 108 Mil 3
Renowned for its comprehensive education, Gongshang Primary School is dedicated to nurturing students in all aspects. Its holistic curriculum places equal emphasis on academic excellence, personal growth, and participation in extracurricular activities. The school boasts a diverse selection of programs, including robotics, performing arts, and sports, to cater to the varied interests of its students. Furthermore, the school is conveniently located near the prestigious Parktown Residence Condo, providing students with a conducive environment for learning.
Savills Singapore has been appointed as the sole marketing agent for the sale of an entire office floor spanning approximately 5,425 sq ft on the 19th level of GB Building. The prestigious office space is being offered for sale via an expression of interest (EOI) with an asking price of $10.8 million.
The well-designed office floor boasts exclusive lift access and a column-free layout, making it highly attractive to potential buyers who value convenience and flexibility in their office setup. The guide price of $10.8 million translates to $1,990 psf based on the floor area.
Located at 143 Cecil Street, GB Building is a 26-storey commercial property that enjoys a prime corner plot with dual frontage along Cecil Street and McCallum Street. The building offers three basement levels of parking, providing ample space for up to 105 vehicles. Access to the building is available from the rear of the property, ensuring a smooth flow of traffic.
In addition to its prime location, the building is also conveniently connected to Tanjong Pagar MRT Station (East-West Line) via a sheltered walkway. Two other MRT stations, Telok Ayer (Downtown Line) and Shenton Way (Thomson-East Coast Line), are within walking distance from the property. This excellent connectivity with the public transport network makes GB Building a highly sought-after location for businesses.
According to Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore, the ongoing urban transformation in the Central Business District (CBD) and the limited supply of new strata office developments have resulted in a strong demand for strata office space. “The prestigious address, excellent connectivity, and ongoing urban transformation in the CBD make GB Building a highly compelling proposition,” says Yap.
The CBD is currently undergoing a wave of rejuvenation and redevelopment projects, with prominent examples including Solitaire on Cecil (formerly the PIL Building), Cecil Place at 137 Cecil Street, and Keppel South Central. The government is also introducing more work-live-play components to the CBD, with mixed-use developments such as The Skywaters (redevelopment of the former AXA Tower) and Newport Tower (former Fuji Xerox Towers) offering premium office space, retail outlets, luxury residences, and hospitality.
As GB Building is zoned as a commercial property, it is available for purchase by both foreign buyers and companies, with no additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD) payable. The EOI exercise will end on Oct 31. Interested buyers can contact Savills Singapore for more information.