A premium freehold strata office unit on a “high floor” of Southpoint, located at 200 Cantonment Road, is up for sale at a guide price of $20.5 million.
This translates to $3,195 psf based on the existing strata area, says CBRE, the exclusive marketing agent, in a March 10 announcement.
Spanning a strata area of 6,415 sq ft and located on a high floor with sea views, the fully tenated office unit features a prominent lobby frontage and an efficient, column-free layout with a floor-to-slab ceiling height of approximately 3.4m, according to CBRE.
Southpoint is a 16-storey office building in Tanjong Pagar with several upcoming developments in the vicinity, including Newport Tower and Residences, The Skywaters and One Bernam.
With a dedicated drop-off point and 238 car park lots, Southpoint is near three MRT stations, including Tanjong Pagar MRT Station (631m) and the upcoming Cantonment (490m) and Prince Edward (689m) MRT Stations.
As this is a commercial property, foreigners are eligible to purchase, and there will be no additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD) imposed on the transaction.
See also: New Zealand reopens luxury housing market as rich foreigners eye havens
Clemence Lee, executive director of capital markets, Singapore at CBRE, says interest in freehold strata offices remains robust. “These opportunities are increasingly rare in the CBD, as limited existing stock and URA restrictions on new strata commercial subdivisions in key central areas continue to cap future supply.”
Office rental performance continues to see strong momentum, with core CBD vacancy falling to a low of 4.8% and rents rising for four consecutive quarters, recording y-o-y growth of 2.8% in 4Q2025, notes Lee. “Buoyed by strong rental demand and muted island-wide supply, we anticipate continued upward pressure on CBD rents in the near term.”
The sale will be conducted via an expression of interest exercise, which will close at 3pm on April 21.
See also: Mapletree acquires logistics facility in the Netherlands
In January 2023, a number of strata office units at Southpoint were sold for $32.68 million. The units sold span over 10,893 sq ft, working out to around $3,000 psf.
Prior to that, a Savills Singapore executive director brokered the sale of two floors at Southpoint in 2019. The offices, located on the 10th and 11th floors, sold for $2,444 psf.
