CBRE markets eight PLUS units at yields of 3.5% and above

The fully leased spaces span 388 to 807 square feet and include F&B provisions.

Eight ground-floor retail units at PLUS, 20 Cecil Street, have been launched for sale via an Expression of Interest (EOI) exercise.

CBRE, the exclusive marketing agent, confirmed the units are available individually or as a collective, with the EOI closing on Thursday, 23 April, at 3pm.

Indicative guide prices for the units range from $3.4m to $6.9m. Situated in a 28-storey Grade A office tower in the heart of Singapore’s Central Business District, the units range from 388 to 807 square feet.

The property fronts a major Raffles Place junction and is within walking distance of both Raffles Place and Telok Ayer MRT stations.

The units are fully tenanted and equipped with food and beverage provisions. Clemence Lee, executive director at CBRE Singapore, stated that the pricing has been adjusted to offer yields of approximately 3.5% and above. He noted that ground-floor, street-fronting units in this precinct are rarely available for individual purchase.

As these are commercial assets, the sale is open to foreign buyers. Transactions are not subject to Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD).

Follow the link for more news on

CBRE

property for sale

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia