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Developer of new project on Cecil Street switches strategy to strata sales

Meanwhile, BRC Asia majority shareholder Esteel Enterprise picks up two office floors at Springleaf Tower in Anson Road for S$53.9 million

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Kalpana Rashiwala

Kalpana Rashiwala

Published Fri, Dec 2, 2022 · 05:50 AM
    • Agents have been gathering interest for an initial four strata office floors at Solitaire On Cecil priced between S$3,830 psf and S$4,180 psf.
    • Esteel Enterprise is buying levels 28 and 29 of Springleaf Tower along Anson Road for S$53.9 million.
    • Agents have been gathering interest for an initial four strata office floors at Solitaire On Cecil priced between S$3,830 psf and S$4,180 psf. PHOTO: SOLITAIRE CECIL
    • Esteel Enterprise is buying levels 28 and 29 of Springleaf Tower along Anson Road for S$53.9 million. PHOTO: GOOGLE MAPS

    THE developers of the new 20-storey freehold office project that will come up on the PIL Building site along Cecil Street have decided on strata sales of the development.

    The TE Capital Partners and LaSalle Investment Management tie-up behind the Solitaire On Cecil project was earlier contemplating a forward sale of the entire asset.

    However, it recently appointed five property agencies – Savills, CBRE, Cushman & Wakefield, SRI and Huttons – to market the property on a strata-titled basis instead.

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