Rare Opportunity for High-Floor Office Space
Nine strata office units located on the 17th floor of The Central at Clarke Quay are now available for purchase via an expression of interest (EOI) exercise. The sole marketing agent, JLL, announced on 22 June a guide price of S$28 million, equating to approximately S$2,965 per square foot based on the units’ total strata area of 9,441 square feet.
Unique Features and Current Occupancy
Carin Puah, Senior Director of JLL Singapore Capital Markets, emphasised the rarity of finding nine contiguous office units on a single level in The Central, particularly on a high floor. The units are currently occupied under a sale-and-leaseback agreement, with the lease term expected to continue for another 6 to 9 months.
The office spaces boast full-length windows along exterior-facing walls and meeting rooms strategically positioned to maximise usability. The large, regular floor plate provides spacious workstations and ample circulation areas, optimising functionality for occupants.
Strategic Location and Development Highlights
The Central enjoys a prime location directly above Clarke Quay MRT station and on the fringe of Singapore’s Central Business District (CBD). The building features prominent frontage along the Singapore River and was completed in 2008 as an integrated development comprising a retail podium, two SOHO (smart office, home office) towers, and a 25-storey office building.
Eligibility and Accessibility
Foreign buyers are eligible to purchase the property without incurring additional buyer’s stamp duty. This feature, combined with the building’s strategic positioning and high-quality facilities, makes the property a compelling investment opportunity.
