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CPF Board launches public tender to sell Robinson Rd building (Amended)

No indicative price given, but market watchers estimate that the building should fetch over S$450m

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One of the options is for the potential buyer to tear down the 47-year-old CPF Building and build a new one to fully utilise the maximum gross floor area of 606,000 sq ft - more than 24 per cent larger than its current GFA. Hence, land cost estimation is seen as a good valuation gauge

Singapore

THE Central Provident Fund Board has initiated the sale of its iconic building in Robinson Road via a public tender.

This was widely expected since news that CPF Board had signed a long-term lease of close to 210,000 sq ft at Novena Square, and that it had in May this

sentifi.com

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