Nine-storey commercial building at Middle Road sold for $45 million
A COMMERCIAL building at the junction of Middle Road and Victoria Street has been sold for $45 million or about $1,076 per square foot of existing gross floor area.
The buyer is Arjuno Holdings, a special purpose vehicle managed by Pamfleet Asset Management (Singapore).
Bright Chambers, a nine-storey building, has a land area of 5,263 sq ft, and is zoned for commercial use.
The site has an existing plot ratio of 7.943, exceeding the 4.2 plot ratio under the Master Plan 2008.