S$85.46m SBF Center office deal inked

Singapore

AN S$85.46 million transaction of office space at SBF Center, which is coming up near Tanjong Pagar MRT Station, has taken place, according to caveats information. The deal reflects a price of S$3,125 per square foot. The space transacted adds up to about 27,350 sq ft, covering all of levels 29 and 30 and eight smaller units on levels 27 and 28 of the 31-storey building.

A breakdown of information listed in the caveat showed that Level 29 was sold for slightly over S$32.78 million while Level 30 went for S$33.53 million. The sale and purchase agreeement between the project's developer and the buyer was inked this month although the transaction was entered into some time ago.