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Samsung Hub office floor sold at S$3,250 psf
Sun Venture sells Level 8 to a HK party but plans to retain three other floors in the 999-year building
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Kalpana Rashiwala
Published Mon, Mar 30, 2015 · 09:50 PM
Singapore
THE eighth floor of the 999-year leasehold Samsung Hub has been transacted at S$3,250 per square foot on strata area, totalling S$42.6 million.
This reflects around 3.2 per cent net yield based on the monthly rental of slightly over $10 psf at which the lease for the floor is said to have been renewed for a further three-year term starting September this year, said Sammi Lim, associate director (investment properties) of CBRE who brokered the transaction through private treaty.
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