Southpoint office units sold for S$3,000 psf

Jan 18, 2023

AROUND 10,893 square feet (sq ft) of office space at Southpoint in Tanjong Pagar has changed hands for S$32.7 million, marketing agent Savills Singapore said on Wednesday (Jan 18).

The sale price translates to S$3,000 per sq ft (psf), the highest record psf for the property, Savills noted.

The office space sold consists of three adjoining units on the 11th floor.

In 2019, Savills brokered the sale of Southpoint’s 10th and 11th floor for S$2,444 psf.

Located at 200 Cantonment Road in District 2, Southpoint is near Tanjong Pagar MRT, Outram MRT and the upcoming Cantonment MRT. It is in the vicinity of the Greater Southern Waterfront – one of Singapore’s biggest redevelopment projects.

Southpoint was completed around 1986 and comprises 15 office floors, each spanning about 16,038 sq ft. It was developed by the Vesty family from the United Kingdom.