08/02/2015
Strategically located in the hub of Singapore's business and financial district, Equity Plaza is a 28-storey Grade A commercial building providing approximately 28,000 square meters of office space. The building has been spruced up to have a very good office layout with maximum and efficient use of space; it is also equipped with basic amenities with a grand office entrance. Being located near to Singapore’s Central Business District (CBD) is definitely a plus point for business startups here — with such excellent attributes, Equity Plaza is on par with the top landmark office buildings in close proximity such as Republic Plaza and Ocean Financial Centre.
It is also important to note that most Grade A office buildings are privately owned by MNC’s and/or funds. It is seldom that one gets an opportunity to invest in such a prestigious address for own use or for investment.
Other than the nearby Raffles Place MRT station, Equity Plaza is also located near major expressways like CTE, AYE and MCE, allowing you to get to travel effortlessly — driving to Marina Bay District and CBD will take just 5 minutes. It is seamlessly connected to the rest of Singapore saving commuters transport time.
Equity Plaza sits on a 99-year leasehold site, with a remaining tenure of about 74 years. The commercial space available will be available on a strata-titled basis — which means each floor is strata subdivided into 10 smaller units of about 600 sq ft to over 1,000 sq ft for sale. This gives flexibility for businesses that do not require big spaces for their operations, which also enables them to save some costs.
Investing in a superbly-located prime Grade A commercial real estate such as Equity Plaza presents a strategic opportunity for investors, and I believe that such an inherent quality of a good location is key for future rental or capital appreciation. The current rental yield is well above 4 per cent based on the current rental income of the property being generated by existing leases, and I expect it to appreciate steadily. I also fully expect this property to be sold out at launch as investors are not subjected to ABSD. Also, buyers for own use will qualify for a 80% loan and not the usual LTV restrictions.
