Tower Fifteen at Hoe Chiang Road up for sale

It has both office and hotel space.

Tower Fifteen, located at 15 Hoe Chiang Road, has been put up for sale by Expressions of Interest.

The freehold commercial building located right in the Central Business District (CBD) is a 29-storey office tower which comes annexed with a 3-storey hotel podium.

The building has a site area of approximately 39,337 square feet, and a current Gross Floor Area (GFA) of 253,453 square feet which comprises of office and hotel space.

The total existing Net Lettable Area (NLA) of the building is approximately 210,268 square feet. Based on the Masterplan 2014, the site is zoned “Commercial” with a plot ratio of 5.6+ and a building height of up to 35-storey.

”The market has been anticipating the sale of a freehold commercial building in the CBD, given that buyers have been starved of such opportunities in the Singapore market over the last few years. Tower Fifteen is arguably the only freehold commercial building available for sale currently in the prestigious CBD, and hence we can expect strong interest from both the local and foreign buyers, which will include developers, investors, property funds and owner-occupiers looking for a corporate headquarters with building naming rights,” said Sammi Lim, Associate Director, Investment Properties, CBRE.

CBRE is the sole marketing agent for this Expression of Interest Exercise. The Expression of Interest exercise for this Property will close on 27 January 2016, Wednesday at 3 pm.

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