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Six adjoining strata offices at International Plaza on the market with $11.97m guide price

Six adjoining strata offices at International Plaza on the market with $11.97m guide price.

SINGAPORE - A batch of six adjoining and refurbished strata offices at International Plaza in Tanjong Pagar are up for sale with a guide price of $11.97 million.

They are available on a sale and leaseback scheme with immediate annual gross rental yield of 4.2 per cent for at least five years, said marketing agent Colliers International in a press statement on Friday (Feb 15).

The guide price works out to $1,850 per square foot (psf) based on floor area. Colliers added this "compares favourably" with the average price of $1,895 psf achieved for 13 office space transactions at International Plaza over the last six months.

To read more: https://www.straitstimes.com/business/property/six-adjoining-strata-offices-at-international-plaza-on-the-market-with-1197m-guide

Adapted from The Straits Times 15 February 2019