A number of the strata office spaces at Southpoint, which is an office building that can be found at 200 Cantonment Road, have just been sold for a total of $32.68 million. The price of the transaction comes out to be $3,000 per square foot for the space that was sold, which is over 10,893 square feet.
Yap Hui Yee, executive director, investment sales & capital markets at Savills Singapore, who negotiated the acquisition, says that this constitutes a record high in terms of the prices per square foot that were traded at Southpoint. Additionally, she has been a broker in the transaction of the selling of two floors at Southpoint in 2019. The asking price for the offices on the 10th and 11th levels was $2,444 per square foot.
“It is a strong testament that with Savills’ unparalleled local market knowledge, we are able to advise our clients to achieve the highest price and best exit strategy for their acquisition,” Property Agent Career. “This is a testament to the fact that we are able to advise our clients to achieve the highest price and best exit strategy for their acquisition.”
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