Realty Centre located at 15 Enggor Street within CBD is up for Collective Sale, price at S$165 million.

Realty Centre En Bloc Commercial Sale 2019

Latest Update: Realty Centre En Bloc SOLD

Cushman & Wakefield has been proud to announce the first commercial collective sale of the year 2019 – the Realty Centre at S$165 million, within the first week of the New Year.

The asking price translates to S$2,714 psf ppr including the development charges appraised at S$2.2 million.

Zoned commercial under Master Plan 2014, this site of area 1,021.9 sqm or 11,000 sq ft is located at 15 Enggor Street within the Central Business District.

The current development has about 61,600 sq ft GFA (5.4 times the plot ratio), within the allowable 35 storey height.

See Realty Centre Latest News: Realty Centre En Bloc SOLD
Realty Centre En Bloc SOLD to The Place Holdings for S$148m
Realty Centre is near to Tanjong Pagar MRT
Nearest MRT Station Tanjong Pagar, Only few mins walk from Realty Centre 

Premium Site Advantages

The Realty Centre site offers the perfect live, work and play environment that the URA envisions for every redevelopment in the island country.

  • It is a freehold site within the Central Business District.

  • It has easy access to Tanjong Pagar MRT Station (nearest @ 0.35 km), Outram Park MRT Station (@ 0.91 km) and Telok Ayer MRT Station (@ 1.03 km), connecting well with other parts of the City.

  • The Prince Edward Road MRT station (@ 0.30 km) would be made available by 2025 to complete the Circle Line 6 (CCL 6). It is expected to enhance connectivity for direct east west travel.

  • The site is close to multiple bus stops in Anson Road and Tanjong Pagar Road.

  • It is surrounded by complexes like Tanjong Pagar Complex, Springleaf Tower, Tanjong Pagar Plaza, Icon Village etc. that houses a host of restaurants and food courts.

  • Affordable and delicious food are also available around the corner at Maxwell Market and Amoy Street Food Centres.

  • The close location to other business hubs like Raffles Place, Shenton Way, Raffles City, Marina Centre, Downtown etc. augments the value of Realty Center site.

  • The Amara, M Hotel, Carlton City, Oakwood Premier are some business class hotels that could accommodate the international guests coming down to visit business houses in Realty Centre.

  • The enbloc site is close to residential properties like Skysuites @ Anson, ICON, Pinnacle @ Duxton etc.

  • Lifestyle amenities including retail shopping, grocery, banking etc. are available at Amara Shopping Centre, 100AM, Icon Village, Tanjong Pagar Plaza, International Plaza, Pearls Centre, Chinatown Complex, China Square, Shop N Save, Cold Storage and Sheng Siong Supermarkets.

  • Cantonment Primary School, Chij (Kellock) and Radin Mas Primary School are some primary level educational institutions in the vicinity.

  • The Jewellery Design and Management School, Inspiration Design International School and Chatsworth International School at Orchard are some International Schools options available to families with students, who wish to pursue higher studies at close proximity.

  • The Merlion Park, Marina Bay Sands, Gardens by the Bay, The Fullerton Heritage, Marina Barrage are few places that could delight the business guests after a day of productive work. They also serve as places to hang out with family and friends in the weekends.

Tanjong Pagar District Under Massive Transformation
Tanjong Pagar District Under Massive Transformation

Tanjong Pagar Transformation

Transformation has been synonymous with Tanjong Pagar, which has experienced a series of transformation from a boring fishing village to a busy harbour and more, especially after it became Singapore’s first area with conservation plans in the 1980s.

It then became the business hub with MNCs, startups, Government Departments intermixed with people living in residences as high as 50 floors among beautiful sky gardens.

It boasts the modern tallest building of the Island, Guoco Towers at 290 meters as well as low rise heritage shophouses to synchronize the new and old with an aesthetic sense.

City-in-a-Garden is the vision of the Urban Redevelopment Authority for the nation and Tanjong Pagar is all set to experience this next level transformation.

Great Southern Waterfront

The initial step for the planned Great Southern Waterfront is the shift of Container Terminals along Tanjong Pagar and Pasir Panjang completely to Tuas Mega Port, the world’s largest transhipment hub, by 2025.

The 1000 hectares of land that would be freed up in the process would inaugurate the Great Southern Waterfront, where picturesque settings to live, work and play are envisioned for the existing and new fortunate generation.

Many unique waterfront districts with residential, commercial, cultural and entertainment components have been planned to make Singapore the most sought-after world-class city.

Public places to promote enjoyable street life, outdoor water recreations, beautiful network of canals, admirable streetscapes are part of the Great Southern Waterfront dream project.

Among the green network to promote biodiversity, spaces for public events and activities too have been planned for a new healthy and vibrant living.

Major shipping companies have already started clearing up Tanjong Pagar Terminal ahead of schedule, making the dream of 2030 closer than expected.

Expert Opinion

The Director of Capital Markets, Cushman & Wakefield, Christina Sim firmly believes that the Realty Centre site is the crème de la crème, offering the rare chance to participate in the Tanjong Pagar Master Plan.

The site guarantees the wonderful future that Singapore city life is set to offer its citizens at the next level.

If some Investor or Developer could foresee the best of history evolving around the Realty Centre masterpiece site, it is a win-win for all the stakeholders involved.

Success resonates on the commercial collective sale category since the unprecedented July 6 measures, and has been growing from strength to strength, to the delight of the entire En Bloc market.

The chance to participate in the Realty Centre tender is open until 3 pm, February 21, 2019.

Realty Centre En Bloc Details

Tenure: Freehold

Land Size: 11,000 square feet

Plot Ratio: 5.4

Nearest MRT Station: Tanjong Pagar

Address: 15 Enggor Street

District: 2

Marketing Agent: Cushman & Wakefield

Reserve Price: S$165 million
S$2,714 psf ppr

Status: For Sale
Tender Close: Feb 21, 2019
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