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Solitaire on Cecil is the upcoming new Grade office development of existing 17 storey PIL Building located at 140 Cecil Street. TE Capital and LaSalle Investment Management have collectively acquired it for $323.8M based on caveat lodged in Jan 2022. Solitaire on Cecil shall have new address at 148 Cecil Street. It will feature the highest certification Green Mark Platinum with an impressive floor to ceiling height of 4.9m together with functional floor plates for both multitenant and single use. With the new URA CBD incentive scheme, Solitaire on Cecil can be redeveloped with a GFA of 218,447sqft. With a purchase price of $323.8M, psf ppr is translated to $1.900psf ppr which includes topping up the land from leasehold to freehold tenure. The total freehold site area adds up to a total 19,539sqft. With the increasing demand in Singapore CBD office from financial and technology services tenants, moderate level of new offices are expected in the coming years. There are various opportunities to capitalise on the Singapore office market upswing. Solitaire on Cecil is a rare upcoming freehold grade A office tower scheduled to completion in year 2028. It is a gem in the making located at the prime office estates in Singapore, do not miss this chance to own a freehold office space by developers TE Capital and LaSalle Investment Management. |