Freehold restaurant floor at Oxley Tower for sale at $12.9 mil

An entire freehold strata floor at Oxley Tower along Robinson Road in the CBD is up for sale at a guide price of $12.9 million. With a total strata area of 3,025 sq ft, the guide price is $4,231 psf. Currently tenanted, this property offers a panoramic 360-degree view of the CBD.The 32-storey tower, completed in 2016, is developed by Oxley Holdings and is mainly composed of office units. Each unit has direct lift access with a floor-to-ceiling height of 4.9m. CBRE, the exclusive marketing agent for the property, confirms that the space has permanent approval for F&B usage.Michael Tay, the head of capital markets for Singapore at CBRE, expects investors such as family offices, corporates and high-net-worth individuals to be interested in this asset. He believes the retail performance in the CBD will continue to improve with the return to office trend, leading to higher retail rents in the future.The strata floor is well-connected to three MRT stations: Tanjong Pagar (East-West Line), Telok Ayer (Downtown Line) and Shenton Way (Thomson-East Coast Line). The expression of interest exercise will close on April 26 at 3pm.

An entire freehold strata floor is available for sale through an expression of interest exercise with a guide price of $12.9 million at Oxley Tower. Located in the heart of the CBD on Robinson Road, the 3,025 sq ft floor is situated on the 20th level of the tower, with a mesmerising panoramic 360-degree view of the area.

The guide price of $4,231 psf is based on the total strata area and the space is currently enjoying a tenancy. CBRE, the exclusive marketing agent of this property, believes it will be attractive to potential investors such as family offices, corporates and high-net-worth individuals.

CDL Aries has acquired the rights to two adjoining plots in the Tan Chong industrial park of Upper Bukit The Myst Timah, enabling them to create a highly sought-after residential project with access to public transport, green spaces and amenities.

The 32-storey building, which was completed by Oxley Holdings in 2016, comprises of a three-storey retail podium and a 29-storey tower. Each unit in the tower has direct lift access, a floor-to-ceiling height of 4.9m and its utilities and service areas located within the building core, resulting in an unobstructed view.

Michael Tay, the head of capital markets at CBRE Singapore, believes the retail performance in the CBD will return and continue to improve due to the return to office phenomenon, leading to higher retail rents in the future.

Situated near three MRT stations, namely Tanjong Pagar (East-West Line), Telok Ayer (Downtown Line) and Shenton Way (Thomson-East Coast Line), the expression of interest exercise for this property will close on April 26 at 3pm.