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For sale: Thong Sia Building at S$400-420m
Add BT as a preferred sourcePublished Wed, Dec 10, 2014 · 09:50 PM
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Singapore
FREEHOLD commercial and residential property Thong Sia Building, near the Paragon shopping mall, has been put up for sale for the first time since it was built in 1981 and the vendors are expecting offers of between S$400 million and S$420 million. This translates to S$2,559 to S$2,687 per square foot (psf) over the existing gross floor area (GFA) of about 156,300 square feet.
If the government allows the sale of an adjoining road that just serves Thong Sia Building, the purchaser's costs could go down to S$2,414-2,532 psf, said sole marketing agent Jones Lang LaSalle Property Consultants (JLL).
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