Industrial building with hidden storey: Illegal floor demolished, unit for sale at $4.2m

Owner ZACD Investments lists 10,506 sq ft Alexandra Road penthouse at $4.2m, double what was paid

Far left: The Alexcier, an eight-storey building in Alexandra Road, was found to have a hidden ninth floor spanning more than 5,000 sq ft. That floor has been demolished. Left: A screengrab of the online listing for the 10,506 sq ft unit. It says the
The Alexcier, an eight-storey building in Alexandra Road, was found to have a hidden ninth floor spanning more than 5,000 sq ft. That floor has been demolished. PHOTO: ST FILE

The company which built an illegal storey inside its penthouse unit at The Alexcier in Alexandra Road has demolished the floor and put the unit up for sale.

The owner is asking a cool $4.2 million for the unit, which has 16 years of lease left. Industry sources say the asking price, at $400 per sq ft (psf), is double what the owner paid. The first caveat at The Alexcier was recorded on Oct 2, 2006 as a new sale by the developer at $212 psf.

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A version of this article appeared in the print edition of The Straits Times on September 27, 2019, with the headline 'Illegal floor demolished, unit up for sale'. Subscribe