A freehold office unit at Southpoint is on the market for $20.5 million. The strata office unit spans 6,415 sq ft and is a high floor unit with sea-facing views. The indicative guide price translates to $3,195 psf on the existing strata area.
As a commercial property, the sale is also open to foreigners and the transaction won’t attract any additional buyer’s stamp duty (ABSD) and seller’s stamp duty (SSD). The sale of the freehold unit is marketed by CBRE, and will be sold in an expression of interest (EOI) exercise.
Located at 200 Cantonment Road, Southpoint is one of the rare freehold strata commercial buildings within the Central Business District. The limited stock of freehold strata office units in this central area has consistently attracted strong buying interest from investors.
Demand for these freehold commercial assets has always been driven by their potential for long-term capital appreciation, and their resilience against cyclical market movements makes them important assets for wealth preservation within investment portfolios, says Clemence Lee, executive director of capital markets at CBRE.
Looking ahead, the supply of freehold strata office units like this will also dwindle due to URA restrictions on new strata commercial subdivisions in key central areas, which will cap future supply. Thus, investment interest in available freehold strata office units remains robust, but these opportunities are increasingly rare, says Lee.
The office unit for sale features a prominent lobby frontage and an efficient column free layout with a floor-to-ceiling height of 3.4 metres. The versatility of the layout means that the unit could be subdivided to accommodate multiple tenancies in the future.
The unit will also be sold with an existing tenancy, which would benefit the new owner with immediate and stable rental income.
““Office rental performance continues to see strong momentum, with core CBD vacancy falling to a low of 4.8% and rents rising for four consecutive quarters, recording y-o-y growth of 2.8% as at 4Q2025. Buoyed by strong rental demand and muted island-wide supply, we anticipate continued upward pressure on CBD rents in the near term,” says Lee.
Southpoint’s location in Tanjong Pagar also puts it at the doorstep of the future development of the Greater Southern Waterfront, a 30km long waterfront precinct from Pasir Panjang to Marina South. Set to be developed over the next 30 years, this new precinct will feature new public and private homes, commercial hubs, and green spaces.
The potential uplift that this master plan will bring to the CBD has been a contributing factor to several new and upcoming development plans in Tanjong Pagar, many occurring close to Southpoint.
On the infrastructure front, three new MRT stations on the Circle Line will be completed this year – Keppel, Cantonment, and Prince Edward stations. This will close the loop on the existing Circle Line. Southpoint sits between Cantonment and Prince Edward stations, boosting its public transport connectivity from just Tanjong Pagar MRT station today.
Suthpoint is also close to the recently unveiled Newport Plaza, a mixed-use development by City Developments. Located on Anson Road, the project comprises luxury apartments, serviced apartments, Grade A offices, and retail. The luxury residences, Newport Residences, sold 57% of its units when it launched last month, and set an average selling price of $3,370 psf.
Billed as a new landmark development and vertical urban village in the Tanjong Pagar area, the strong sales launch of Newport Residences, which attracted a high proportion of local buyers, signal that most buyers have bought into the area’s ongoing transformation into a mixed-use precinct.
On the commercial front, the recent completion of Keppel South Central at 10 Hoe Chiang Road has spurred a flight to quality to this new Grade A office development. The 33-storey commercial tower was completed last February and some of its major tenants include Manulife Financial Advisers, the Competition and Consumer Commission of Singapore (a statutory board that administers and enforces competition), and Gurin Energy.
The area will also see a new mixed-use project at 15 Hoe Chiang Road. Reportedly, the new development is named Tower Fifteen and will be developed by Fragrance Group. Lee says that the combination of all of these new and upcoming projects are set to transform the precinct and deliver significant value uplift to the area.
“Tanjong Pagar, in particular, has become a dynamic focal point for investment as the precinct undergoes transformative change, with several upcoming developments currently in progress. As interest in this high-growth area builds, along with the strong resilient performance of Singapore’s office market segment, we expect to receive keen interest for this strata office opportunity (at Southpoint),” he says.
The EOI for the sale of the office unit at Southpoint closes on April 21.
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