Savills News

Savills appointed as sole agent on the sale of International Press Building

Savills Singapore is pleased to announce their appointment as sole agent on the sale of International Press Building.

The property, a detached six-storey industrial building with a total site area of approximately 54,000 square feet, is located at 26 Kallang Avenue in the central region of Singapore. It has a gross floor area of approximately 134,000 square feet, with a plot ratio of 2.5 under the 2019 Draft Master Plan. The JTC land has a leasehold tenure of 60 years, effective from 16 February 1990, with a remaining lease of about 31 years. The immediate neighbourhood comprises of a mix of industrial, commercial and residential developments, which include Aperia Building, V Hotel Lavender, Jalan Besar Sports & Recreation Centre, Swimming Complex and Stadium, and private condominiums.

Surrounding amenities include walking distance to Aperia Mall, with Michelin-star restaurant, Tim Ho Wan, fast food chains (e.g. McDonald’s, Starbucks, supermarkets like Cold Storage, Lavender Food Square, coffee shops, food courts and cafes). Public transport is available along Lavender Street, and from Lavender and Bendemeer MRT stations which are a nine-minute walk distance away. It is also accessible via Nicoll highway, Central Expressway and East Coast Parkway.

Sharon Teo, Managing Director, Business Space, Savills Singapore, who is handling the sale, commented: “This is an extremely rare and excellent opportunity to own a Business 1-use site located at City fringe, and with such superb accessibility walking to MRT and amenities. The site’s prominent and unblocked visibility facing main Kallang Road will offer occupiers with a strong branding presence in the central region of Singapore.”

The property will be sold with vacant possession.

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