Final freehold office floor at 108 Robinson Road for sale at $16.2 mil

Gerine Tang Yi Qian03-17 02:39

The strata office in the Central Business District (CBD) sits on an approximately 4,348 sq ft site along the Robinson Road corridor. The final available floor at the 12-storey freehold 108 Robinson ...

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The strata office in the Central Business District (CBD) sits on an approximately 4,348 sq ft site along the Robinson Road corridor.\nThe sale is being conducted through an expression of interest (EOI) exercise that will close on April 22 at 3pm. According to Savills Singapore, which is marketing the property, the offering represents the last opportunity to acquire a freehold strata office floor in the refurbished building.\nThe final available floor is currently leased to a blue-chip serviced office occupier, offering immediate rental income for investors. While Savills Singapore did not identify the tenant or the floor for sale, GIC-backed co-working operator JustCo occupies the third floor at 108 Robinson Road.\nAccording to Savills Singapore, the lease structure allows flexibility for potential vacant possession, making the property suitable for both investors seeking income visibility and corporate occupiers planning future use.\nThe unit is also fully fitted with quality office finishes, says Savills Singapore, allowing owner-occupiers to move in with minimal additional capital expenditure.\nEach office floor at 108 Robinson Road also benefits from an exclusive lift lobby. The lift lobby area is not included in the strata area and therefore allows owners to enjoy exclusive use of the space without it being counted within the strata purchase area.\nWith a price tag below $20 million, the offering provides what Savills describes as a “relatively accessible entry point for buyers looking to secure a freehold CBD office floor in a recently upgraded building”.\nInterest in CBD strata office has intensified \nInterest in strata office assets in the CBD has intensified in recent years, according to Savills Singapore, following the Urban Redevelopment Authority’s (URA) restrictions on the strata subdivision of commercial properties introduced in key parts of the Central Area, which took effect from March 2022.\n108 Robinson Road is a strata-titled commercial building located in the heart of Singapore’s CBD. The property was acquired by PGIM’s real estate business in 2021 and subsequently underwent an asset enhancement initiative (AEI) that was completed in 2023.\nThe refurbishment included upgrades to the building’s mechanical and electrical systems, lifts and lift lobbies, as well as the introduction of a refreshed double-volume arrival lobby. The building now features a full-height glass facade powered by solar panels and has achieved BCA Green Mark Platinum certification.\nThe repositioning aimed to align the asset with evolving occupier expectations, including stronger sustainability credentials, modern specifications and an enhanced arrival experience.\nStrong past take-up rates \nSales momentum at the building has been strong, according to Savills Singapore. In June 2025, three premium floors — levels 8, 11 and 12 — were sold for a combined $55.8 million to Kwan Im Thong Hood Cho Temple, achieving pricing in the high $3,800 to $3,900 psf range and establishing pricing benchmarks within the building, according to Savills Singapore. \nYap Hui Yee, executive director of investment sales and capital markets at Savills Singapore, says: “The take-up at 108 Robinson Road has been strong, driven by its freehold tenure, recent building repositioning and efficient full-floor layouts. Within a short span of just 11 months, nine of the 10 office floors have been successfully sold.”\nPurchasers have comprised a mix of high-net-worth families, family offices and charitable organisations seeking long-term ownership of quality office space in the core CBD, she adds.\nLooking ahead, Yap notes that Singapore’s role as a regional headquarters hub continues to support demand for well-located office assets. “While market cycles evolve, well-located, modernised buildings with strong sustainability credentials should continue to attract both occupier and investor demand.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2620880475","isCrawlerRequest":true}