Centrium Square is a newly completed Freehold office building located just 3 minutes walk away from Farrer Park MRT station. This building is 19 storeys high and has a mix of retail, medical and office units. The office units occupy levels 9 to 19 and all office units come with an extremely generous 4.9m of floor to ceiling height. That height is currently unmatched in today’s strata office market. Each floor plate is approximately 9727 sqft and unit sizes range from 570 sqft to 1011 sqft with options to amalgamate units side by side in the event bigger sizes are required. The building sits on a large freehold plot with prominent frontage facing Serangoon road.
Centrium Square is also outside of the ERP zones and just a short 15 minutes drive to the CBD. Just 3 minutes walk from City Square Mall, and surrounded by many eateries, Centrium Square is positioned in a world of convenience.
The asking price of each unit is $26xx psf. Some people have asked whether this location qualifies the price tag. A better take on this perspective is, if a freehold office space of this quality were to be in the CBD, how much PSF would it command? The answer would be in the $3500 to $3800 PSF region. This has already been proven by Samsung Hub with the latest transaction done in Feb 2020 at $3800 PSF.
What this ultimately means is, Centrium Square is a hidden gem for buyers looking for a great quality freehold office building with high ceilings, near MRT, on the city fringe yet close enough to the CBD, at an undervalued price!
- No ABSD and SSD, unlike residential property
- No restrictions on foreign ownership
- Rare opportunity to acquire freehold office space in city fringe area. Majority of the strata office sales in Singapore are of 99 years tenure . If you are looking to acquire office space for your own use and you want an address that is outside of ERP zones yet close enough to the CBD in a few minutes drive, then look no further! With no upcoming supply and no competing projects nearby, 111 Somerset is an extraordinary gem.
- Freehold tenure
- 19 Storeys ( 2 levels of Retail, 3 levels of Medical suites, 11 levels of Office)
- Office Size starts from 570 to 1011 sqft
- Price from $26XX psf for office space
Office Floor Plans
Levels 9 to 19