Peninsula Plaza office units for sale at $9.29m

The units on the 12th floor range from 1,001 sqft to 1,776 sqft.

Three adjoining office units at Peninsula Plaza have been launched for sale via an expression of interest exercise at an indicative price of $9.29m, an announcement by CBRE revealed.

Located on the 12th storey, the area of each unit ranges from 1,001 sqft to 1,776 sqft, and totals to a combined area of 4,262 sqft. The units have a 999-year tenure. The indicative pricing works out to $2,180 psf based on the strata area.

Peninsula Plaza is a mixed-use development comprising a six-storey retail podium and a 24- storey office block with car parking space on level six.

According to Yap Hui Yee, associate director of capital markets at CBRE, the successful buyer will continue to benefit from the ongoing rejuvenation within the City Hall vicinity which has seen much transformation with new or refurbished developments.

“There will be no Additional Buyers’ Stamp Duty or Sellers’ Stamp Duty imposed on the units and the prospective buyer – whether a local or a foreigner – has the option to either purchase the units individually or all three collectively,” she said.

The EOI will close on 29 May at 3 p.m.