A ground-floor strata unit spanning Level 1 and 2 with prominent street frontage, and a strata office floor for sale
Singapore, 10 March 2025 – ETC, as the exclusive marketing agent, is offering for sale, prime commercial space at GB Building located at 143 Cecil Street. The portfolio comprises:
i. A prominent ground-floor strata unit that spans Level 1 and 2; and
ii. A strata office floor
within the 26-storey office building.
The sale will be conducted by way of an expression of interest exercise; interested parties are invited to submit their offers by 15 April 2025 at 3pm.
The ground-floor commercial space has a strata area of 1,214 sq m (approximately 13,067 sq ft), featuring an impressive 45-m full-glass frontage along the bustling Cecil Street. The strata office floor occupies an area of 1,170 sq m (approximately 12,594 sq ft).
The guide price for the ground-floor unit is S$45 million, which works out to approximately S$3,443 per sq ft on the strata area. Meanwhile, the guide price for the strata office floor is S$25 million, which works out to S$1,985 per sq ft on strata area.
Interested parties have the flexibility to purchase the properties individually or collectively. As commercial properties, there is no Additional Buyer’s Stamp Duty or Seller’s Stamp Duty payable and no restriction on foreign ownership.
Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory at ETC, says, “Ground-floor commercial units in the CBD are highly sought-after due to their prominent street frontage and high footfall. The last ground-floor unit transacted nearby was at Prudential Tower for S$4,636 per sq ft in August 2024, making the ground-floor unit at GB Building a relative attractively priced opportunity.”
“The unit has also been approved for ‘Restaurant & Bar with Live Entertainment’ use, which enhances its appeal, aligning with the increasing interest in dynamic and experiential F&B concepts. This presents an exciting opportunity for investors and end-users looking to tap into the growing nightlife and experiential dining scene,” adds Ms Swee.
Meanwhile, office floors within GB Building have seen strong trading activities, with sales recorded in 2024 at S$10.88 million (S$1,978 per sq ft) and S$10.7 million (S$1,980 per sq ft).
Ms Swee continues, “Both units for sale are currently tenanted, offering the incoming purchaser immediate rental cashflow. The units are ideal for end-users who are looking to rightsize and/or consolidate operations into one central location for greater efficiency, as well as investors seeking to capitalise on the limited supply of strata commercial units in the CBD.”
GB Building is a 26-storey office development occupying a prime corner plot at the junction of Cecil Street and McCallum Street. Strategically positioned in the heart of the CBD, it offers excellent connectivity with three MRT stations (Tanjong Pagar, Telok Ayer, Shenton Way) running on four train lines within a 300-m radius. The area is a bustling financial and business hub, surrounded by corporate offices, banks, dining options, and amenities.
