139 Cecil Street put up for sale with S$210m price tag

Singapore

139 Cecil Street, which is undergoing a major refurbishment, has been put up for sale with an indicative price of S$210 million on a completed basis.

This works out to around S$2,470 per square foot (psf) based on the net lettable area (NLA) of about 85,000 sq ft post refurbishment.

The property is on a site with a 99-year leasehold tenure from Aug 20, 1981, which means the balance leasehold tenure will be about 62 years when the refurbishment works are completed next year.

The existing 11-storey office building is vacant and the seller has started major works to build additional floors, extending the block…