What's Happening?
CBRE is marketing a 14-unit strata office portfolio at High Street Centre in Singapore's Civic District. The portfolio, spanning 9,300 square feet, includes an entire floor on Level 8 and additional units on Level 9. Currently leased to a co-working operator,
the portfolio offers immediate income potential. Located strategically between Clarke Quay and Raffles Place, the property boasts views of the Singapore River and city skyline. The sale, conducted via an Expression of Interest exercise, closes on August 18, 2026. The indicative guide price is S$17.8 million, with no additional buyer or seller stamp duties applicable.
Why It's Important?
This sale presents a rare opportunity for investors to acquire a prime office asset in Singapore's tight commercial real estate market. The property's location and existing lease agreements provide a stable income stream, appealing to yield-focused investors. With limited supply and rising demand in Singapore's CBD, the portfolio's potential for rental growth and long-term value appreciation is significant. The sale could influence market dynamics, potentially driving up prices for similar properties in the area.
