10 Nov '17, 3pm

Southbank SOHO units up for sale

Southbank SOHO units up for sale

SINGXPRESS Land has put up for sale some 34,740 square feet of space at Southbank SOHO. Marketing agent CBRE said this works out to an approximately 56 per cent stake in share value in the SOHO block. Southbank, a home- cum-office concept condo, comprises a 40-storey residential block and a 20-storey SOHO block with retail shops on the first floor. The SOHO block consists of 29 duplex loft SOHOs of between 883 sq ft and 1,593 sq ft each; three single-level SOHOs of around 463 sq ft to 603 sq ft; and a retail shop of about 129 sq ft. Based on the asking price of $63 million, this represents $1,812 per square foot over strata area. "With the current strong interest in strata-titled commercial properties, we expect the units to attract good interest from property funds, private equity, family offices, and high net worth individuals both local and overseas, who are looking for...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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