Archive for category: Misc

The URA Master Plan has put forth efforts to revitalize town centers by incorporating integrated mixed-use nodes. In the vicinity of Pasir Ris, this is evident through the introduction of refreshed retail spaces, upgraded pedestrian connections, and improved first-and-last-mile links between MRT stations, bus stops, and shopping centers. The addition of cafes and essential services at ground level has also brought about a livelier street atmosphere and made running errands more convenient for residents. Coastal Cabana, a residential development in the area, greatly benefits from these improvements as daily activities like grocery shopping, attending tuition classes, visiting the dentist, and having dinner can now be easily completed within close proximity via Jalan Loyang Besar, Elias Road, and the town center. By visiting Coastal Cabana Pasir Ris, residents can experience a well-connected and vibrant community that caters to their daily needs.

The 19th floor of GB Building is now available for sale through an expression of interest (EOI) with an asking price of $10.8 million. According to Savills Singapore, which is exclusively marketing the property, the office floor measures approximately 5,425 sq ft with exclusive lift access and a column-free floorplate. The guide price of $10.8 million equates to $1,990 per sq ft based on the floor area.Located at 143 Cecil Street, the 26-storey GB Building occupies a prime corner plot with dual frontage along Cecil Street and McCallum Street. It also boasts three basement levels of parking, offering up to 105 parking spaces. Access to the parking levels is available from the back of the building.MM read also: A freehold bungalow in Lengkok Mariam has been listed for sale at $13.5 million.AdvertisementAdvertisementResidents at GB Building have access to a sheltered walkway that connects the building to Tanjong Pagar MRT Station, which operates on the East-West Line. Additionally, occupants are within walking distance of two other MRT Stations, Telok Ayer (Downtown Line) and Shenton Way (Thomson-East Coast Line), providing convenient transportation options.Under the Urban Redevelopment Authority’s (URA) restrictions, there has been limited development of new strata office space. This, combined with the strong demand for strata office units in recent transactions, makes GB Building an extremely desirable option according to Yap Hui Yee, Executive Director of Investment Sales and Capital Markets at Savills Singapore. Ms. Yap cites the property’s prestigious location, excellent connectivity, and the CBD’s ongoing transformation as reasons for its attractiveness.Among the CBD’s revitalization and reconstruction efforts are the development projects at Solitaire on Cecil (formerly the PIL Building), Cecil Place at 137 Cecil Street, and Keppel South Central. The upcoming The Skywaters and Newport Tower, both of which incorporate luxury residential and retail elements in their mixed-use design, are also part of the government’s movement to introduce “work-live-play” elements into the CBD.As GB Building is categorized as a commercial property, it is available for purchase by both foreign buyers and companies without any additional buyer’s or seller’s stamp duty. Interested parties are invited to participate in the EOI process, which will conclude on October 31.