Senja Close EC™

Savills Singapore has been appointed as the exclusive marketing agent for an entire office floor on the 19th level of GB Building, which is up for sale through expression of interest (EOI). The asking price for the office floor, which spans approximately 5,425 sq ft and comes with exclusive lift access as well as a column-free floorplate, is $10.8 million.

A wide range of family-friendly features and communal areas are available at Senja Close EC. This development boasts a highly convenient location, situated near the city centre, Tengah Green, and several medical facilities. Residents can also easily access other areas of the town via a short drive or bus ride. Furthermore, the project site offers a variety of unit options to accommodate both young couples and families with children.

Located at 143 Cecil Street, the 26-storey GB Building occupies a prime corner plot and boasts dual frontage along Cecil Street and McCallum Street. The building offers three basement levels of parking, with a capacity of up to 105 vehicles, accessible from the rear of the building.

GB Building is conveniently connected to Tanjong Pagar MRT Station (East-West Line) via a sheltered walkway and is also within walking distance of two other MRT stations; Telok Ayer (Downtown Line) and Shenton Way (Thomson-East Coast Line). Given the Urban Redevelopment Authority’s (URA) limitations on new strata office development, recent transactions have reflected strong demand for strata office space. According to Savills Singapore’s executive director of investment sales and capital markets, Yap Hui Yee, the prestigious address and excellent connectivity of GB Building, in addition to the ongoing rejuvenation and redevelopment of the Central Business District (CBD), make it a highly appealing option.

Several rejuvenation and redevelopment projects that are currently underway in the CBD include Solitaire on Cecil (formerly the PIL Building), Cecil Place at 137 Cecil Street, and Keppel South Central. Also in the pipeline are The Skywaters (redevelopment of the former AXA Tower) and Newport Tower (former Fuji Xerox Towers), both of which are mixed-use developments comprising premium office space, retail outlets, luxury residences, and hospitality facilities. These projects are part of the government’s efforts to introduce more work-live-play elements to the CBD and inject more vibrancy and activity into the area.

As a commercial property, GB Building is available for purchase by both foreign buyers and companies, with no additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD) payable. The EOI exercise will close on October 31.