12-storey office building at Chin Swee Road up for grabs

It houses 107 office units.

According to a release, San Centre, a 12-storey office building located along Chin Swee Road, is offered for collective sale by tender, by sole marketing agent Jones Lang LaSalle.

Sitting on a land size of 28,719 sq ft, the building comprises 107 strata-titled office units and 80 carpark lots with a total gross floor area (GFA) of 131,895 sq ft. This reflects a plot ratio of about 4.59.

The site is zoned for commercial use. More than 80% of the owners, by floor area and share value, have consented to the collective sale.

In response to an Outline Planning Permission application, the planning authorities have advised that they are prepared to support the redevelopment of the site into a 20-storey hotel development or a mixed residential and commercial development with at least 60% of the space set aside for commercial use.

Mr Karamjit Singh, Head of Investments & Residential, Jones Lang LaSalle comments: “Strategically set in a premium location flanked by the Central Business District (CBD), the culturally rich Chinatown of Singapore and the vibrant Robertson Quay, the site enjoys the flexibility of various redevelopment options, thereby opening up the field to a wide group of developers and investors. A hotel redevelopment would cater to business travellers and tourists; while a serviced apartment, if approved by the planning authorities, could serve expatriates and medical tourists who require longer stay while visiting the nearby Singapore General Hospital.”