Strata office floor at 15 Scotts on sale for $52.5m

The property will be sold via an expression of interest exercise.

A strata office floor located at 15 Scotts was launched for sale with an indicative price of $52.5m or $3,822 psf on the total strata area.

15 Scotts is a freehold nine-storey strata-titled commercial development which sits along Scotts Road, within hr head of the Orchard Road precinct.

“Freehold strata office floors housed in good-quality office developments in Orchard Road are tightly held and rarely made available. As such, these assets are highly sought after by a wide range of owner-occupiers and investors such as family offices, boutique real estate funds, local companies and high-net-worth individuals," CBRE said.

The property's marketing agent, CBRE, said the office floor has a strata area of 13,734 sq ft, representing approximately 12.7% of the total strata area, or 12.6% of the total share value of the development.

The property will be sold through an expression of interest exercise which will close on 6 October at 3 pm.

Foreigners are eligible to purchase the commercial property with no Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD).

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