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S$85.46m SBF Center office deal inked

SBF Center is being developed by Far East Organization and listed arm Far East Orchard Limited. They clinched the 99-year leasehold site at a state tender in 2011 for S$311.78 million or S$882 per square foot per plot ratio. The project is expected to receive Temporary Occupation Permit in the third quarter of this year.


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...