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Two neighboring floors of office space in The Octagon are in the marketplace at a direct price of $16 million each floor, or $32 million in total, which works out to approximately $2,585 psf, based on Brilliance Capital, which will be promoting the property.
The office area is located on Levels 7 and 8 of their construction, which is located between Raffles Place and Tanjong Pagar.
Each floor spans a estimated 6,189 sq feet, and the two floors, that can be now tenanted, include exclusive usage of the elevator lobby, pantry and restrooms. Buyers can buy the flooring either separately or collectively.
The Octagon is a freehold, standalone office building with roughly 109m of street frontage, with prominence across Cecil Street and Boon Tat Street. It’s a three-minute stroll into Telok Ayer MRT Station on the Downtown Line.
Purchasing the property is available to both foreign and local buyers. There’ll not be any extra buyers’ stamp duty or sellers’ stamp duty imposed on the sale of their house.