CBRE markets eight PLUS units at yields of 3.5% and above

The fully leased spaces span 388 to 807 square feet and include F&B provisions.

Eight ground-floor retail units at PLUS, 20 Cecil Street, have been launched for sale via an Expression of Interest (EOI) exercise. 

CBRE, the exclusive marketing agent, confirmed the units are available individually or as a collective, with the EOI closing on Thursday, 23 April, at 3pm.

Indicative guide prices for the units range from $3.4m to $6.9m. Situated in a 28-storey Grade A office tower in the heart of Singapore’s Central Business District, the units range from 388 to 807 square feet. 

The property fronts a major Raffles Place junction and is within walking distance of both Raffles Place and Telok Ayer MRT stations.

The units are fully tenanted and equipped with food and beverage provisions. Clemence Lee, executive director at CBRE Singapore, stated that the pricing has been adjusted to offer yields of approximately 3.5% and above. He noted that ground-floor, street-fronting units in this precinct are rarely available for individual purchase.

As these are commercial assets, the sale is open to foreign buyers. Transactions are not subject to Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD).