Penthouse floor at TripleOne Somerset put on sale: CBRE

The TripleOne Somerset, a prime integrated development next to Somerset MRT station.
The TripleOne Somerset, a prime integrated development next to Somerset MRT station.PHOTO: PERENNIAL REAL ESTATE HOLDINGS

SINGAPORE - Real estate firm CBRE has put on sale a penthouse on the 17th floor at TripleOne Somerset on behalf of its owner Perennial (Somerset) via an expression of interst.

The entire top floor of TripleOne, located at the premium Orchard Road shopping belt, was renovated and is currently leased by one of the world's largest luxury groups at its headquarter office in Singapore, the company said in a release on Wednesday (June 21).

The floor area of approximately 979 sqm/10,537 sq ft comes with a robust and stable rental income stream which generates an attractive yield of 3.5 per cent per annum.

"This is an extremely rare opportunity to purchase a penthouse office floor in Singapore's prime Orchard area where there has not been a launch of new strata office units for sale in over three decades," CBRE director Sammi Lim said.

"We expect to receive strong offers in excess of $31.4 million, or $2,980 per square foot, and especially with the building anchored by a new retail podium and medical suites."

TripleOne Somerset is a 17-storey prime integrated development with two premium-grade office towers and a retail-cum-medical podium near Somerset MRT station.