20 Cecil Street (PLUS)
Premium Grade A Office Units in the Heart of Singapore Financial District
Rare! Strata Title Grade A Office for Sales
90m To Raffles Place MRT (Sheltered)
Vacant & Tenanted (Yield up to 4.2%) Units available
⭐Give Your Business a Good Address⭐
Units from $2.3x mil / $3000 psf (size 786sf and above)
✔By leading and experienced property developer – CapitaLand
✔Short Walk to Raffles Place MRT
✔Rare Strata Office in Prime CBD of Singapore
✔Immediate Occupancy & Tenanted Units with Attractive Rental Yield
✔Multiple units can be amalgamated into one office space for large organisation
✔Independent air-conditioning system facilitates flexible operating hours
20 Cecil Street (PLUS), Downtown Singapore
“Rare Grade A Strata Office in Downtown Singapore”
Introduction
20 Cecil Street (aka Plus Building) is one of the very few Grade A Office Buildings in Downtown Singapore offering Office Units with Strata Titles for Sale. While there are many Grade A Buildings in Singapore, very few offers investors or companies to own for lease or own use.
Vvarious levels at 20 Cecil Street, are for sale at a guide price of $100 million, or averagely $3,143 psf on strata area.
If the units are purchased individually, the individual unit price starts from $2.4 million. The portfolio of office units has a total strata area of about 31,979 sq ft, with individual strata units ranging from 786 sq ft to 2,303 sq ft.
The strata units at 20 Cecil Street present a rare investment opportunity for investors looking to buy Grade-A offices within the 600-1,300 sq ft range. It is not often that you can find individual Grade-A strata offices for sale within the CBD, let alone units of this size.
20 Cecil Street is located at the junction of Cecil Street and Church Street. It is within walking proximity to Raffles Place MRT Interchange Station on the North-South and East-West Lines, and Telok Ayer MRT Station on the Downtown Line.
Current Occupants
Some of the esteemed companies that are operating in 20 Cecil are:
- Genesis Healthcare Asia Pte Ltd
- Straits Bunkering
- Altis Group Pte Ltd
- MySteel Global Pte Ltd
- Axiom Global Pte Ltd
- LWK & Partners Singapore Pte Ltd
- Witech International Pte Ltd
- Conduit Securities Pte Ltd
- Powerzeit
- IP Investment Management
- Singapore Mining & Trading Pte Ltd
- Maxwin Energy Pte Ltd
- Ambit Singapore Pte Ltd
- Association of Energy and
Commodities of Singapore - BDO Unibank, Inc
| Type | Descriptions |
|---|---|
| Project Name | 20 Cecil Street |
| Developer Name/ Seller | Plaza Ventures Pte Ltd (Capitaland) |
| Location | 20 Cecil Street, Singapore 049705 |
| Tenure of Land | 99-year commencing from 7 December 1989 |
| Expected Date of Completion (T.O.P.) | Completed. |
| Site area | Approx. 2,177 sqm (23,433 sqft) |
| Total No. of Units | 259 Strata Units, 21 Retails Shops in 1 block 28 Storeys. * 1st and 2nd Storeys: Retail * 3rd to 28th Storeys: Offices 5 passenger lifts serve levels 3 to 15 5 passenger lifts serve levels 16 to 28 #01 stack (till level 15) with private lift |
| Car Park Lots | 86 lots (every 3,500 sq ft will be entitled to 1 lot) S$380/mth for tenant, subject to GST S$450/mth for non-tenant, subject to GST |
Developer Background
The building has had many identities over the years. Since September 2019, 20 Cecil Street has been owned by a private fund managed by CapitaLand. It had paid over $500 million ($2,320 psf) for Plaza Ventures, the holding company that owns the commercial tower located at 20 Cecil Street.
Name changes over the years
Prior to that, the tower was called GSH Plaza. It bore that name following the purchase by a consortium led by Singapore-listed GSH Corp, controlled by Singaporean businessman Sam Goi, for $550 million in 2014. The consortium was made up of GSH Corp (51% stake), together with Vibrant DB2 (35%) and Goi’s private investment vehicle, TYJ Group (14%). The consortium was called Plaza Ventures. The $550 million price tag in 2014 translated to $2,181 psf, based on the net lettable area of 252,000 sq ft then.
In its earlier incarnation, the building was known as Equity Plaza from 2003 to 2014. For much of the 1990s, it was the headquarters of the Stock Exchange of Singapore: first, it was named the Stock Exchange of Singapore from January 1994 to November 1999, and then Singapore Exchange from December 1999 to November 2001. When the Stock Exchange moved to its new headquarters at SGX Centre on Shenton Way, the building at 20 Cecil Street was renamed Equity Plaza.
$100 million makeover
For much of the 22 years, when it was under the ownership of Keppel Land and AIP, the building bore a reddish brown façade. Following its acquisition by Plaza Ventures, the building underwent a $100 million refurbishment, which included retrofitting the interiors to be in line with contemporary Grade-A office towers. After the makeover, the building now has a new curved, blue glass cladding; a new lobby; and a driveway.
It was Plaza Ventures that sub-divided the offices on the third to 28th floors into 259 strata-titled units. The first two floors were carved up into 21 strata shops. GSH Corp sold some of the strata office units, and purchased the penthouse floors for its own use. DB2 purchased the entire portfolio of retail units on the first two levels of the building prior to the sale to Fullshare.
The 27 office units that were released for sale recently are located on the fourth, fifth, ninth and 17th floors. According to Savills’ Yap, there are only 56 strata office units for sale within the building. CapitaLand’s private fund intends to hold the other whole floor units for lease.
For other levels/ bulk purchases, please talk to us
Project Highlights
✅ Rare Prime Grade A Strata Office Units available for sale (as there is a very limited supply of Grade A Office Spaces in CBD)
✅ Premium Location in Downtown Singapore
✅ Only 56 office units released for sale (some are tenanted, some are vacant)
✅ Different layout configurations (with the option to amalgamate) to meet every need
✅ An Independent air-conditioning system facilitates flexible operating hours
✅ The only strata office unit on sale within steps from Raffles Place MRT Station
✅ Highly desirable location for MNCs, Financial Institutions, and Regional Offices
✅ Easy access to major transport networks and expressways
✅ Few minutes drive to Orchard Shopping Belt, Beach Road and
✅ Marina Bay Financial Area is within walking distance
✅ Lofty open space lobby with security access
✅ Advanced security systems
✅ A 24-hour CCTV surveillance system
Much Savings
On one side of the coin, you are saving on
- Energy costs with individual air-conditioning units. These are high in demand for those who operate internationally and outside office hours.
- Transport costs. Easy meet up with similar-minded companies (or suppliers) nearby and the convenient sheltered access to Singapore MRT network via Raffles Place MRT Station.
Positioning
On the other side, you provide Customer and Staff Convenience with a location that every executive in Singapore knows, many different types of food choices, and easy accessibility.
With a tight manpower market, you will also be able to attract specialist skills to be in a similar location. That is also the strength of CBD which holds the heart of the financial hub.
Plus at 20 Cecil provides absolute Business luxury brings the pride and status of a Grade A office in Downtown Singapore, with an impressive drop off area and lobby, security system, and the modernity of each unit.
Physical Flexibility
The floor plate of Plus 20 Cecil was designed to be very flexible for buyers to purchase. Sizes range from 700 to 3,000 sqft. The size of one-floor plate is around 10,269 sqft (954 sqm). Units can be combined easily.
Ready for The Future
The government is providing many incentives and transforming the CBD to be an excellent place to work, live, and play via the Master Plan 2019. These enhancements will bring higher value to the current properties.
Available for Viewing
The opportunity to own a Grade A Office Space in Downtown Singapore is here and ready for you. Do contact us for viewing and let us explain the Grade A Office environment in Singapore so that you can make an informed decision. Viewing is strictly by appointment only.
Location
20 Cecil Street is a prestigious commercial and office tower in the heart of Singapore’s CBD, which is currently undergoing a massive urban gentrification with numerous upcoming mixed-use developments to continue adding the vibrancy into the quarter.
Strategically situated above the Raffles Place MRT Interchange Station (EW14/NS26) and mere minutes away from Telok Ayer MRT Station (DT18), 20 Cecil Street offers seamless connectivity via public transportation. The property benefits from its close proximity to major expressways including the East Coast Parkway (ECP) and Marina Coastal Expressway (MCE).
20 Cecil Street’s location presents itself as a monument to convenience and accessibility, as it is situated near global financial institutions, regional and multinational companies, as well as retail, cultural and entertainment hotspots – the perfect way to mix business with pleasure. Marina Bay Sands, Gardens by the Bay, and the shopping precincts of Raffles City and Marina Square are close by, offering a myriad of dining, entertainment, shopping and leisure options.
• RAFFLES PLACE MRT 90m
• Far East Square 0.24 km
• Cantonment Primary 1.44 km
• School Of The Arts, Singapore 1.83 km
Site/ Floor Plan/ Unit Mixes
Standing tall at Cecil Street like a titan of glass and steel, the facade of Plus at 20 Cecil is distinctively majestic and timelessly modern. Even with a glance, any lookers will know that this is a solid office building for top companies. It was refurbished a few years ago so that the touch and feel of Plus at 20 Cecil are chic, modern, and timeless.
Buildings Specification
1. Structure
Raft foundation with reinforced concrete structure
2. Walls
a. external Walls:
Concrete and/or Masonry walls and/or Pre-cast and/ or Aluminium & Glazing Wall cladding
b. Internal Walls:
Concrete and/or masonry and/or partition wall
3. Roof
Reinforced concrete flat roof with waterproofing system with or without insulation
4. Ceiling
All ceiling with skim coat unless otherwise stated. Ceiling board with painted finishes to corridors, main lobby and lift lobby.
5. Finishes
a. Wall:
Masonry and/or dry partition wall plastered and paint. Imported tiles to washroom, lift lobby and corridors. Plastered and paint to basement wall.
b. Floor:
Cement rendered finishes to all units unless otherwise stated. Imported tiles to washroom, lift lobby and corridors. Epoxy paint finish to basement carpark and driveway.
6. Windows
Office Unit:
Window and/or Casement Window with Aluminium frame (where applicable)
Double Glazed glass and/or Double Glazed
Safety glass (where applicable)
7. Doors
Office Unit:
Glass and/or timber doors and PSB’s approved fire-rated doors where applicable.
8. Ironmongery
Office, Shop, Restaurant Unit:
Imported good quality ironmongery
9. Sanitary Fittings
Office Unit:
Imported good quality sanitary wares, fittings and accessories (To applicable units only)
10. Electrical installation
415V three phase isolator for shop, restaurant and office units.
11. Air-conditioning System and Mechanical Ventilation
Individual Air-conditioning system provided for shop, restaurant and office units.
Air-conditioning system provided to all lobbies and corridors.
Mechanical Ventilation will be provided if required.
12. Lifts
Lift to all floors
13. Telecommunication Services
Provision of Cable network
Each unit will be provided with the telephone block terminal
14. Lighting Protection
Lightning Protection System shall be provided in accordance with Singapore Standard 555: 2010
15. Waterproofing
Office Unit:
Waterproofing to unit washrooms Shop, Restaurant Unit: Nil
Common Areas:
Waterproofing to common Toilets, Pantry, Bin Centre and Reinforced Concrete Roof
16. Driveway
Stone paving to designated 1st Storey areas of driveway
17. Security Control
Card Access control system to selected locations Proximity transponder for vehicular entry at entrances CCTV, surveillance cameras at strategic locations
19. Floor Loading
The maximum allowable floor loading for Office Units (3rd to 28th Storey) is 4.0kN/m2
Level for Sales:
Gallery
Download
Official Brochures/ Floor Plan
Pricing/ Discount
⭐Give Your Business a Good Address⭐
Units from $2.3x mil / $3000 psf (size 786sf and above)
Please Contact Us at +65.84188689
It is important to only engage the Official Direct Developer Sales Team to assist you to enjoy the best possible direct developer price. There is no commission required to be paid.
