# This $17.8M Portfolio Of 14 Office Units Comes Fully Leased — Just As CBD Office Rents Are Expected To Rise Up To 20% - **Source:** Stacked Homes - **Published:** 2026-07-09T11:35:24.000Z - **Author:** Sihan Chia - **Original:** https://stackedhomes.com/high-street-centre-strata-office-portfolio-sale/ - **Topics:** Commercial & Industrial, New Launches, Transactions & Deals ## Featured rationale Scarce strata-office supply and forecast Grade A CBD rental growth of 18% to 20% over four years could strengthen investor interest in income-producing commercial assets. ## AI summary A fully leased portfolio of 14 strata offices spanning 9,300 sq ft at High Street Centre is offered at $17.8 million, or approximately $1,913 psf. ## Original article A portfolio of 14 strata office units at High Street Centre on North Bridge Road is on the market at a guide price of $17.8 million. The units for sale comprise all 10 units on the eight floor and four units on the ninth floor. Collectively, they span a total strata area of 9,300 sq ft. The guide price works out to approximately $1,913 psf, according to marketing agent CBRE. The entire portfolio of strata office units is leased to international flexible workspace operator The Flexi Group, which operates under the co-working brand The Hive. The space in High Street Centre is the result of its acquisition of former local co-working company Found8 in 2022. According to CBRE, the strata units for sale at High Street Centre feature regular and efficient layouts, which are versatile enough to accommodate a range of occupancy and leasing strategies, including multi-tenancy arrangements. However, the appeal of this portfolio of strata office units is the fact that it comes with an existing tenancy to an established co-working brand. This means that the new owner can secure an immediate and stable income stream. “Full-floor strata offices in the CBD remain exceptionally scarce. Limited stock, coupled with URA restrictions on new strata subdivisions, continues to constrain future supply,” says Clemence Lee, Executive Director of Capital Markets, Singapore at CBRE. He adds that this is an opportunity for both yield-focused investors and owner-occupiers to acquire a collection of prime strata offices amid a tightening office market. Grade A offices rents set to jump over the next four years Singapore’s office market has been especially exuberant over the past few months, especially in the core Central Business District (CBD) zone where the pipeline of new office supply has moderated. Research by CBRE indicates that Grade A office rents have been climbing for five consecutive quarters despite the ongoing global macroeconomic uncertainty. This is compounded by the anticipated supply crunch in the Grade A CBD office market, and CBRE forecasts that rents in this segment could increase 18% to 20% over the next four years. Other earlier reporting also points out that Grade A office rents in the Central Business District (CBD) have edged up 0.8% q-o-q to $12.50 psf per month (pm) in 2Q2026, up from $11.36 psf pm in 1Q2026. As demand for Grade A offices in the CBD increases, with office space needs growing among professional and financial services as well as newer entrants such as artificial intelligence businesses, a clear flight-to-quality trend is emerging for dedicated, self-managed office spaces. High Street Centre’s prime location within the Civic District, as well as its riverfront location, cityscape views, efficient floorplates, and accessibility to public transport networks, has given the 99-year leasehold development a track record of drawing strong leasing interest from office occupiers. Forward-looking investors may want to consider this portfolio of units to capitalise on the expected rental growth, and it is a good chance for owner-occupiers to secure a centrally located office space ahead of further rental growth, says Lee. High Street Centre is conveniently located between the lifestyle precinct at Clarke Quay and the financial district at Raffles Place, and the building enjoys a prominent riverfront position along the Singapore River. This area is also served by three MRT stations and interchanges: City Hall Interchange on the North-South and East-West Lines, Clarke Quay station on the North-East Line, and Fort Canning on the Downtown Line. In terms of road connectivity, this area is linked to the Central Expressway (CTE), East Coast Parkway (ECP) and Kallang Paya-Lebar Expressway (KPE). High Street Centre also consists of 300 parking lots, a rare feature for highly sought after commercial assets in the area. A declining number of strata-titled office units It is uncommon to see a portfolio of this many strata office units on the market since most owners are much more incentivised to hold on these properties. There is a limited supply of these strata-titled office spaces after the government imposed restrictions on the strata subdivision of commercial properties in some central areas. A prominent strata-titled office development close to High Street Centre is Suntec City, where a 10,096 sq ft office space in Tower One was sold for $33.97 million ($3,364 psf) in July 2025. In April this year, three full office floors at Suntec Tower 1 and Tower 2 spanning 40,300 sq ft went on the market for $135 million ($3,350 psf), while a pair of adjoining strata offices in the same tower were being sold at $22.04 million in March. Recent commercial properties along North Bridge Road that were on the market include: In May 2026, Jun Xin Building, a 999-year leasehold commercial building at 402 North Bridge Road was on the market for $70 million, with the EOI closing on 9 July In March 2026, three freehold adjoining shophouses on 789, 791 and 793 North Bridge Road were put on the market for an undisclosed price In October 2024, three adjoining shophouses on 490, 492, 494 on North Bridge Road was put up for sale for $72 million In December 2024, four freehold conservation shophouses on 762, 764, 766 and 768 North Bridge Road were offered up for $37 million In September 2024, a four-storey shophouse at the corner of North Bridge Road and Liang Seah Street was being sold for $42 million Another consideration for prospective buyers looking at the portfolio of units at High Street Centre is the development’s enbloc potential. The 99-year leasehold building has about 47 years left on its lease, and the owners there have launched a few collective sale attempts in recent years. In June 2020, there was a collective sale attempt which listed the strata-titled building for sale at a reserve price of $800 million. At the time, the site had approval to be redeveloped as a new hotel and commercial property. The most recent attempt was in May 2024 which saw the building almost get sold for $678 million – which was 9% less than the reserve price of $748 million – but this deal eventually fell through. The sale of the portfolio of office units is open to foreigners, with no Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) imposed on the transaction. The properties will be sold in an Expression of Interest (EOI) exercise that closes on Aug 18. ## Chinese translation > Translation model: grok_cli ### 这批价值1780万新元、共14个办公单位的组合已全数出租——恰逢中央商务区写字楼租金料涨最多20% 位于High Street Centre的14个分层办公单位组合以1780万新元推售。标的覆盖第8层整层楼面及第9层四个单位，已全数出租予联合办公营运商，外籍买家亦可购买。 位于桥北路（North Bridge Road）High Street Centre的14个分层办公单位组合，现以指导价1780万新元挂牌出售。 待售单位包括第8层全部10个单位，以及第9层的4个单位，合计分层面积共9,300平方英尺。据营销代理世邦魏理仕（CBRE），指导价约合每平方英尺1,913新元。 整批分层办公单位已出租予国际灵活办公空间营运商The Flexi Group，其以联合办公品牌The Hive营运。High Street Centre的空间源于其在2022年收购本地前联合办公公司Found8。 据CBRE，High Street Centre待售分层单位布局规整高效，足以适应多种占用与租赁策略，包括多租户安排。 不过，这批分层办公组合的吸引力在于已有既有租约、对接成熟联合办公品牌，意味着新业主可立刻获得稳定现金流。 “中央商务区（CBD）整层分层办公仍然极为稀缺。存量有限，加上市区重建局（URA）对新分层细分的限制，持续制约未来供应，”CBRE新加坡资本市场执行董事李建铭（Clemence Lee）表示。 他补充说，在写字楼市场趋紧之际，这是注重收益的投资者与自用业主收购一批优质分层办公的机会。 甲级写字楼租金未来四年料大幅上升 过去数月，新加坡写字楼市场尤其活跃，特别是核心中央商务区——新供应管道已放缓。CBRE研究显示，尽管全球宏观经济仍存不确定性，甲级写字楼租金已连续五个季度攀升。 叠加甲级CBD写字楼市场预期供应紧张，CBRE预测该板块租金未来四年可能上涨18%至20%。较早报道亦指出，中央商务区甲级写字楼租金在2026年第二季环比上升0.8%，至每月每平方英尺12.50新元，高于2026年第一季的每月每平方英尺11.36新元。 随着CBD甲级写字楼需求上升——专业与金融服务以及人工智能等新进入者办公空间需求增长——对专属、可自主管理办公空间的“向优质迁移”趋势正日益明显。 High Street Centre地处市政区（Civic District）的优越位置，临河、享城市景观、楼面高效，并易于接驳公共交通网络，使这栋99年地契发展项目长期吸引办公租户的强劲租赁兴趣。 李建铭表示，具前瞻性的投资者可考虑这批单位以把握预期租金增长；对自用业主而言，也是在租金进一步上涨前锁定市中心办公空间的良机。 High Street Centre便捷位于克拉码头（Clarke Quay）生活休闲区与莱佛士坊（Raffles Place）金融区之间，大楼在新加坡河沿岸占据显眼临河位置。 该区域亦由三个地铁站与换乘站服务：南北线与东西线市政厅换乘站（City Hall）、东北线克拉码头站，以及滨海市区线福康宁站（Fort Canning）。 道路连接方面，该区可通中央高速公路（CTE）、东海岸公园大道（ECP）与加冷巴耶利峇高速公路（KPE）。High Street Centre亦设有300个停车位，对区内备受追捧的商业资产而言属罕见配置。 分层办公单位数量持续减少 市场上同时出现如此多分层办公单位的组合并不常见，因为多数业主更有动力持有这些物业。政府限制部分中心区商业物业的分层细分后，分层办公空间供应有限。 邻近High Street Centre的知名分层办公发展项目为新达城（Suntec City）：2025年7月，第一座一座约10,096平方英尺的办公空间以3397万新元（每平方英尺3,364新元）成交。 今年4月，新达城第一座与第二座共三层整层办公、合计约40,300平方英尺，以1.35亿新元（每平方英尺3,350新元）挂牌；同年3月，同座一对相邻分层办公则以2204万新元出售。 桥北路沿线近期挂牌的商业物业包括： 2026年5月，位于桥北路402号、地契999年的君信大厦（Jun Xin Building）以7000万新元挂牌，意向书（EOI）于7月9日截止 2026年3月，桥北路789、791与793号三栋相邻永久地契店屋以未披露价格挂牌 2024年10月，桥北路490、492、494号三栋相邻店屋以7200万新元挂牌出售 2024年12月，桥北路762、764、766与768号四栋永久地契保育店屋以3700万新元推售 2024年9月，桥北路与梁西街（Liang Seah Street）转角一栋四层店屋以4200万新元出售 对有意收购High Street Centre这批单位的买家而言，另一考量是该发展项目的集体出售（en bloc）潜力。这栋99年地契大楼剩余租约约47年，业主近年来曾数次发起集体出售。 2020年6月曾有一次集体出售尝试，分层大楼以底价8亿新元挂牌；当时该地段已获批可重建为新酒店与商业物业。 最近一次尝试在2024年5月，大楼几乎以6.78亿新元售出——较7.48亿新元底价低约9%——但交易最终告吹。 这批办公单位组合的出售对外开放予外国人，交易不征收额外买方印花税（ABSD）或卖方印花税（SSD）。物业将以意向书（EOI）方式出售，截止日期为8月18日。