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.
Adapted from The Straits Times 15 February 2019
