A rare office floor space at GB Building which located at 143 Cecil Street in District 1 within Central Business District is put for sale
This is a golden opportunity and lucrative investment for any investors.
The recent 2019 Masterplan has certainly upped the interest of investors in Central Business District as Singapore government has given its mandate to revitalise the CBD with more residential housing units in the years to come.
And GB Building is included in the CBD rejuvenation where government gives extra 25% GFA to building owners on top of their plot ratio to rebuild the building.
This spells tremendous good news for many building owners as now they could come together collectively to sell the building in the years to come should the property market is heated up for collective sale.
Meanwhile, GB Building enjoys higher rental yield than many CBD buildings.
Based on the average rental transactions in the market, investors could get as high as 3.5% from this investment.