6 July 2020 – Savills Singapore, as the exclusive sole marketing agent, is pleased to offer for sale, via Expression of Interest (EOI), an entire floor located on Level 22 of Springleaf Tower.
Completed in 2002, Springleaf Tower is located at Singapore’s Central Business District (CBD) and at the heart of the Tanjong Pagar submarket. This high-quality building is one of the very few strata office developments that commands Grade A specifications. Its triple-storey height, marble glad prestigious entrance lobby and the spacious covered car drop off point on the 2nd floor provide a luxurious sense of arrival for visitors and patrons. In addition, there is generous car parking provision of 131 lots provided across levels 3 to 5.
Springleaf Tower has approximately 100 meters prominent road frontage along Anson Road and enjoys direct underground sheltered access to Tanjong Pagar MRT Station. Due to its quality specifications and strategic location, Springleaf Tower consistently enjoys a high occupancy rate and the office floors are always tightly held by a very small number of owners.
Located on a high floor, the sale offering located at Level 22 is tastefully renovated and commands panoramic views facing towards the sea and city. The strata area is approximately 10,527 sq ft and comes with an exclusive use of the lift lobby, pantry and restrooms with shower facility. Each office floor at Springleaf Tower comes with excellent specifications such as column free layout with maximum design efficiency, raised flooring, full-height windows and VRV air-conditioning which allows for independent floor operation.
The guide price is in excess of $26 million, and this sale offering will be sold on a vacant possession basis.
Mr Galven Tan, Deputy Managing Director, Investment Sales and Capital Markets, Savills Singapore, said: “Against the backdrop of tight strata office supply in the CBD, we believe that this offering is a good opportunity for both owner-occupier and investor to purchase a premium grade strata office floor.”
The Tanjong Pagar precinct has become a vibrant business and lifestyle hub within the CBD with a blend of new mixed-uses developments, Grade A offices, luxury residential developments and hotels. It will soon be undergoing another exciting rejuvenation anchored by the redevelopment of AXA Tower by a joint venture comprising Alibaba Group and a Perennial Press Release consortium. This follows the completion of new buildings like 79 Robinson Road, Frasers Tower and Guoco Tower.
Mr Tan added: “Tanjong Pagar is the CBD gateway to the planned Greater Southern Waterfront, which is one of the key focuses of the URA in the coming years.”
The EOI exercise will close at 3pm on Thursday, 13 August 2020.