The 50-storey CapitaLand Tower is a mixed commercial and residential development with access from Tanjong Pagar MRT station.

The 15 premium commercial units for sale are under strata leases and comprise of 5 retail units and 10 office units with a total area of 18,482 square feet.

If a total of 15 units are purchased, the list price is S$60 million. The sale, for which buyers are invited to bid, will close at 3pm on November 1, 2022.

The five shop units for sale are all located on the paved level, close to the building's main entrance, and will benefit business with high foot traffic.

Each store unit ranges in size from 241 to 1,421 square feet, and all store units are approved for food and beverage use.

The 10 office units for sale include six adjacent units on the 29th floor and four adjacent units on the 33rd floor, each ranging from 936 to 2,336 square feet.

Retail units in the Caillin Tower, especially on the paved level, are rarely sold, and when they are, the prices are extremely high.

In the past 5 years, only 2 units on the paved level have been sold, one of which was sold in 2018 for S$8,759 per square foot and the other in 2019 for S$7,139 per square foot.

The Urban Renewal Authority of Singapore announced in March 2022 that commercial developments in prime central areas will no longer be allowed to be subdivided into individual units on a tier-by-tier basis when redeveloped.

This means that commercial projects in the affected areas will be held by a single owner after redevelopment, and units in the same project cannot be independently owned and managed by different owners.

Buyers will have the option to purchase individual units of the 15-unit Lien Kai Building or all 15 units at once.

With extremely limited space for prime strata-leased retail and office space for sale in the Central Business District, this sale is a rare opportunity for investors.

Investors such as office buildings, property funds, and high net worth individuals can enjoy immediate and stable returns by purchasing prime strata-leased commercial properties in the CBD.

Commercial units in Singapore are different from residential units. Even overseas buyers do not have to pay additional Buyer's Stamp Duty or Seller's Stamp Duty.

Therefore, overseas buyers who purchase commercial units in CML Tower enjoy the same treatment as Singapore buyers, making it a great investment opportunity for overseas buyers.