An entire workplace floor measuring 9,898 sq ft, consisting of four strata titles, has been put up for sale at Suntec City Tower Two at a measure cost of $36 million, or $3,600 psf, according to a press release from Knight Frank on July 12. Knight Frank is appointed as the exclusive advertising and marketing agent.
” The column-free and normal form offers versatility as well as effectiveness in design planning,” says Mary Sai, executive supervisor of capital markets at Knight Frank.
Copen Grand EC Is Ideal for a Modern and Green Lifestyle
The new development is located in the future Town Centre of Tengah, near three MRT stations on the Jurong Region Line. Residents will be within a 10-minute walk of Tengah’s future Town Centre. It is also less than 30 minutes away from Orchard Road and the Central Business District. Despite its location, it is located in a vibrant neighborhood with a thriving business community.
The location of Copen Grand EC is ideal for a modern and green lifestyle. This project will be home to over 620 units and is just a short drive away from Jurong East and the Central Business District. The area is also located near the Jurong East MRT Station and is located within the Tengah town centre. The amenities and facilities at the Copen Grand EC are unrivaled in the area.
In addition to a new town centre, the future Copen Grand EC will be surrounded by generous landscaping, which promotes good air quality. In addition to this, Copen Grand EC will feature green features and promote green living in day-to-day activities. Residents will have access to electric vehicle charging stations, which double as mobility aids for residents. These facilities will also assist in the transition of new residents to a low-carbon lifestyle.
Both foreigners and locals are qualified to acquire, without any extra purchaser’s stamp obligation nor seller’s stamp duty imposed on the acquisition.
Sai expects need for workplaces at Suntec City to be robust. “One unit on degree 30 at Tower Two was transacted for $38.75 million, or $3,300 psf, last month. 2 other devices at Level 19 and 28 at Tower One were likewise sold at $3,300 psf and also $3,280 psf specifically in the month of April,” she observes.
” The supply of good-sized strata units in prime locations will certainly be limited, provided recent government actions to restrict strata community of business or mixed-use developments in the Central area,” states Daniel Ding, the head of resources markets at Knight Frank. (Find Singapore industrial buildings with our industrial directory).
Buyers have the option to acquire individual strata lots, Sai adds.
Suntec City is a mixed-use growth containing five Grade-A workplace towers, Singapore’s second largest retail mall as well as a convention and exhibit centre. Found within the CBD, it is accessible by means of the East Coast Parkway, Central Expressway as well as Nicoll Highway. Suntec City has good affiliations via sheltered sidewalks and below ground linkages to City Hall MRT Station (on the North-South as well as East-West Lines), the Esplanade MRT Station (on the Circle Line) and also Promenade MRT Station (on the Circle and Downtown Lines).