SP Tao’s family selling its offices in SGX Centre 2 for S$39.5 million

The price works out to S$2,269 psf on the total 15,026 sq ft comprising the 29th floor and part of the 28th floor

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Kalpana Rashiwala

Published Thu, May 1, 2025 · 08:40 PM

Tao received level 29 and part of level 28 of SGX Centre 2 (left) in exchange for his penthouse and six car-parking spaces at the old Shing Kwan House that he agreed to transfer to a Singapore Land subsidiary in 1997, prior to the redevelopment of Shing Kwan House and ICB Building into the SGX Centre project. PHOTO: GOOGLE MAPS

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[SINGAPORE] The family of the late tycoon SP Tao is selling its space on the top two levels of the 29-storey SGX Centre 2 in Shenton Way for a total of S$39.5 million.

This works out to about S$2,629 per square foot (psf) for the total strata area of about 15,026 square feet. SGX Centre – comprising a two-tower 29-storey office building and podium – is on a site with 99-year leasehold tenure from November 1995, leaving a balance of about 69.5 years.

The project, which is home to the Singapore Exchange, among other tenants, was developed on the combined site of the former 22-storey Shing Kwan House and five-storey ICB (Industrial & Commercial Bank) Building. SGX Centre was completed about 25 years ago.

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