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It seems that some hefty spending has been seen by well seasoned foreign investors in the market of strata offices amidst the segments seeing buying that has been very selective.
According to recently lodged records, one Chinese investor put down close to $100.6 million of the Prudential Towers’ 25th and 27th floors. Based on unit area of 12, 196 square feet per floor, this equates to about $2,750 per square foot for Dundee Road Queenstown.
HY Realty Dundee Queenstown Condo
The buyer is a native of Shanghai and it is believed that he is a property developer who owns beverage and food chains. The purchase at Prudential Tower will mark his first investment in the strata office sector in Singapore. He does, however, already own several residences and shop-houses in Singapore Dundee Road.