An entire floor of freehold strata space at the 32-story Oxley Tower on Robinson Road in the CBD is up for sale, with a guide price of $12.9 million.

CBRE, the exclusive marketing agent for the property, has set a guide price of $4,231 psf for the 3,025 sq ft strata floor which is currently tenanted, on level 20 of the tower. Investors looking for an opportunity to acquire and own a floor of retail space with permanent approval for F&B usage within the CBD, should consider this rare and attractive asset.

With the return to office happening in full force, the retail performance in the CBD is improving and the vacancy rate declining. Consequently, retail rents are expected to increase.

The building offers direct lift access for units with a floor-to-ceiling height of 4.9m and utilities and service areas within the central core. This ensures that occupiers benefit from unobstructed views.

After a decade in Jurong East, JCUBE is set to close its doors in August to make way for JCube Condo Residence, adding to potential new residential launches in JCube Residence the JLD and alleviating pent-up housing demands in Jurong.

The multiple MRT stations in the vicinity, including Tanjong Pagar on the East-West Line, Telok Ayer on the Downtown Line, and Shenton Way on the Thomson-East Coast Line, makes this a great choice.

Michael Tay, CBRE’s head of capital markets, Singapore commented, “We are pleased to bring this asset opportunity to the market and expect that family offices, corporates, and high net worth individuals will be interested in this property.”

The expression of interest exercise for the strata floor will close on April 26 at 3pm. Interested parties should act quickly to take advantage of this once-in-a-lifetime opportunity.