Forgot your password?
or

Don't have an account? Create An Account

For agents interested in participating on SRX, please contact us at +65 6635 3388 or write to us at feedback@srx.com.sg

ON TRACK

Achieve the life you want, in the home you love
Property News07 Nov 2018

Merchants Building in South Bridge Road up for collective sale with $23.5m reserve price

yq mb 07112018


A seven-storey freehold commercial building, Merchants Building, at 76 South Bridge Road has been put up for collective sale by tender with a reserve price of $23.5 million.

Merchants Building has a land area of 104.5 sq m. Under the Urban Redevelopment Authority's Master Plan 2014, it is zoned "commercial" with a gross plot ratio of 4.2. The property is located on an envelope control site within the secondary settlement of Upper Circular Conservation Area in the Central Business District. The gross floor area is estimated to be about 7,760 sq ft.

The strata-titled units within the building are held by six separate ownerships and the owners have decided to jointly put the property up for sale by tender. The reserve price would translate to about $3,028 per square foot on the gross floor area.

Mr Shaun Poh, executive director of capital markets at Cushman & Wakefield, the marketing agent for the property, said: "Given the recent cooling measures in the residential segment, coupled with the optimistic outlook in the office sector, commercial properties especially those in prime central locations, such as Merchants Building, will likely interest opportunistic funds and investors looking for investment-grade assets."

He added that the property would also be suitable for end-users such as design houses, professional service providers, co-working operators and family offices which are seeking to acquire an entire building to house their operations and enjoy naming rights on the building.

The tender for this property will close at 3pm on Dec 5, 2018.




Like this article? Share it.
mySG Home
Your Digital Home
Track Your Home. Discover Your Wealth
MY PROPERTY
CONCIERGE
The free, personalized advice, advocacy, and guidance for buying or renting property in Singapore
ON TRACK
Property News 13 November
HDB launches over 7,000 flats for sale, including first BTO project in Tengah
The Housing Board launched 7,214 flats for sale on Tuesday (Nov 13) under the Build-to-Order (BTO) and Sale of Balance Flats exercise for November.
Property News 13 November
2 Chinatown shophouses on sale for around $32.8m

Two prime three-storey conservation shophouses in Chinatown are on the market.

One is a freehold unit at 31 Pagoda Street; the other is a 99-year leasehold property down the road at number 76. Both are zoned "commercial" and have been approved for use as food and beverage outlets.

Property News 09 November
SRX Property website, app add function for switching electricity retailer

Households can save on their power bills by switching their electricity retailer online in just a few clicks with a new service launched on Friday by real-estate services provider SRX Property .

Property News 09 November
SRX Property makes switching electricity retailer simple
SRX Property, Singapore’s most comprehensive resource for real estate, today announced the launch of electricity switching on srx.com.sg and the mySG Home App. The new service makes it fast and easy for households to save on their power bills by switching electricity retailer online in just a few clicks.

Contact Us

Hello Singapore! I'm Sevi. Ask me any property question.
Chat with Sevi
Sevi - AI Bot
Replies in seconds
Need to speak to someone? 6635-3388
Sevi
I'm Sevi, your personal assistant.

You can ask me basic property questions about transactions, listings, project info and X-value.

Some Examples:

1. Where is Gem Residences located?
2. Are there listings in Hillview Regency for 3 bedrooms and budget of $1.5m?
3. For how much can I sell my property?
4. What are the latest transactions in Bayshore Park?
5. Is it cheaper to buy HDB in Tampines or Jurong East?
6. What is the plot ratio for The Sail?
7. How many blocks are there in Ang Mo Kio Ave 3?

Type RESET or HELP whenever you need.