Southpoint strata office seeks $20.5m in sale

EOI closes on 21 April.

A freehold strata office unit at Southpoint in Tanjong Pagar is being offered for $20.5m through an expression of interest exercise closing on 21 April, according to its marketing agent CBRE.

The 6,415 sq ft high-floor unit at 200 Cantonment Road is fully tenanted, giving an incoming buyer immediate rental income, whilst its column-free layout allows for future subdivision into multiple tenancies.

The property sits between the CBD and the Greater Southern Waterfront, with nearby projects including Newport Tower and Residences, The Skywaters, One Bernam, Tower Fifteen, and Anson Centre expected to support the precinct’s repositioning.

The building is near Tanjong Pagar MRT station and the upcoming Cantonment and Prince Edward MRT stations, with access to the AYE, MCE, and ECP.

CBRE said interest in freehold strata offices remains firm as limited stock and Urban Redevelopment Authority restrictions on new strata commercial subdivisions in key central areas continue to cap future supply.

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