Six prime strata office units have been put up for sale on the 17th floor of Samsung Hub, a 999-year-leasehold, Grade A office block on Church Street, near Raffles Place.
The units have strata areas ranging from 883 sq ft to 3,595 sq ft, adding up to 13,132 sq ft. Their absolute price quantums range from $3 million to $12 million.
Their owner, Church Street Holdings, has put the units up for sale.
"We've had agents calling us, giving offers of $3,300-3,500 psf, so we decided to conduct the tender in a fair and transparent manner. If we get offers around those price levels for all or most of the six units, we will consider selling. Otherwise, we're happy to hold on to our investment," said Kishore Buxani, managing director of Buxani Group, one of the shareholders of Church Street Holdings.
The highest price achieved for an entire floor in Samsung Hub is $3,000 per square foot for level 16, which spans 13,132 sq ft. It changed hands for $39.396 million last December.
The tender for the six units will close on March 15.
Samsung Hub, which was completed in 2005, has a total strata area of 299,753 sq ft in a 30-storey office block, with a six-storey podium for 178 carpark lots.
Source: Business Times –19 February 2013
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