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Samsung Hub's 19th floor sold at S$3,175 psf
At Prudential Tower, half of 11th floor transacted at S$2,750 psf
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Kalpana Rashiwala
Published Wed, Oct 8, 2014 · 09:50 PM
Singapore
AT LEAST two sizeable strata office deals have been done lately in the Raffles Place area: Level 19 of Samsung Hub, and half of the 11th floor at Prudential Tower.
The 19th floor of Samsung Hub along Church Street has been sold for nearly S$41.7 million or S$3,175 per square foot (psf) based on the strata area of 13,121 sq ft. The buyer is said to be a foreign party purchasing the space purely as an investment. Market watchers say that might have resulted in the psf price being lower than the S$3,225 psf fetched for the whole of the 18th floor spanning 13,132 sq ft, sold last month.
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