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GB BUILDING

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1. Unit Search  Usage: '20-07', '20-' for storey 20, '-07' for stack 07
2. Nearby amenities 

Project Information

Project Name

GB BUILDING

Street Name

Cecil Street

Property Type

Office

Tenure

99 Yrs FROM 1982

District / Planning Area

D1 / Downtown Core

Completion

Unknown

Indicative price range / Average*

Office: -

Indicative rental range / Average#

Office: S$ 5.30 - S$ 6.60 psf pm / S$ 5.70 psf pm

Implied rental yield

Office: -

Historical high

Office: S$ 2,025 psf in Aug 2013 for a 5,210-sqft unit

Indicative average price from historical high

Office: -

Historical low

Office: S$ 719 psf in Nov 2006 for a 5,425-sqft unit

Note: *Based on transactions in the last 6 months. #Based on the street rental data in the last 6 months, may not be representative.

Location

Sales

Transactions in the past 6 months (up to 15 most recent)
See Appendix for the full history

Source: URA, https://www.squarefoot.com.sg

There are no recent transactions


Asking Prices

Note: Ranked by days in market.
Source: Public listings
  Listed Days in
market
Property
Type
Unit area
(sqft)
Asking Price
(S$)
Asking Price
(S$ psf)
Agent
Name
Agent
Mobile
  12 Apr 2019 130 Office 3,285 6,570,000 2,000 Gerry Yeo 87331173
  11 Apr 2019 131 Office 3,412 7,500,000 2,198 Daniel Choy 91477218
  11 Apr 2019 131 Office 5,209 12,500,000 2,400 Daniel Choy 91477218
  11 Apr 2019 131 Office 8,062 18,000,000 2,233 Daniel Choy 91477218
  4 Apr 2019 138 Office 5,425 10,850,000 2,000 Vicki Lam 98309037
  4 Apr 2019 138 Office 5,425 11,200,000 2,065 Janice Ting 98372895
  4 Apr 2019 138 Office 13,067 42,000,000 3,214 Vicki Lam 98309037
  7 Mar 2019 166 Office 5,425 10,850,000 2,000 Alvis Liew Pui Chung 97697639
  6 Mar 2019 167 Office 3,294 6,588,000 2,000 Alvis Liew Pui Chung 97697639
  30 Jan 2019 202 Office 3,294 6,588,000 2,000 Yuko Qi 98675126
  23 Jan 2019 209 Office 26,500 53,000,000 2,000 Joshua Wong 96329096
  21 Jan 2019 211 Office 12,594 25,188,000 2,000 Joshua Wong 96329096
  21 Jan 2019 211 Office 5,425 10,850,000 2,000 Joshua Wong 96329096
  21 Jan 2019 211 Mall Shop 13,067 41,815,599 3,200 Sophia Lim 98782372
  21 Jan 2019 211 Office 5,210 10,419,455 2,000 Sophia Lim 98782372
  19 Jan 2019 213 Office 5,425 11,122,000 2,050 Jean Goh 90081700
  3 Jan 2019 229 Office 5,425 10,850,000 2,000 Yap Hui Yee 98523687
  26 Dec 2018 237 Office 5,425 11,120,000 2,050 James Wong 91133113
  17 Dec 2018 246 Office 5,425 11,210,000 2,066 Lee Chun Peng Adnic 96722265
  28 Nov 2018 265 Office 5,200 11,400,000 2,192 Augustine Wee 98344958
  14 Nov 2018 279 Office 5,210 9,588,888 1,840 Alex CHONG NL 90268168
  2 Nov 2018 291 Office 5,425 11,121,500 2,050 Zach Teo 91906256
  9 Oct 2018 315 Office 5,430 11,100,000 2,044 Ken Wee 97111924
  4 Oct 2018 320 Office 5,425 11,121,000 2,050 Joshua Wong 96329096
  2 Jul 2018 414 Office 5,210 10,420,000 2,000 Yuko Qi 98675126
  1 Jul 2018 415 Office 5,425 11,121,250 2,050 EVELYN LEE 96186886
  17 Jun 2018 429 Office 13,067 41,814,400 3,200 Andrew Koh 97421207
  6 Jun 2018 440 Office 13,067 41,800,000 3,199 Andrew Koh 97421207
  20 May 2018 457 Office 5,425 11,120,000 2,050 Anthony Phey 97528885
  13 Apr 2018 494 Office 5,209 12,500,000 2,400 Benedict Choa 92996999
  10 Apr 2018 497 Office 3,412 7,500,000 2,198 Daniel Choy 91477218
  10 Apr 2018 497 Office 8,062 18,000,000 2,233 Benedict Choa 92996999
  10 Apr 2018 497 Office 8,062 18,000,000 2,233 Daniel Choy 91477218
  10 Apr 2018 497 Office 5,209 12,500,000 2,400 Daniel Choy 91477218
  3 Apr 2018 504 Retail 13,067 41,800,000 3,199 Yuko Qi 98675126
  2 Apr 2018 505 Office 5,024 9,545,600 1,900 MR Wong Wai Quen 96385648
  17 Mar 2018 521 Office 5,210 10,850,000 2,083 Benedict Choa 92996999
  17 Mar 2018 521 Office 3,400 7,500,000 2,206 Benedict Choa 92996999
  26 Oct 2017 663 Office 5,425 10,850,000 2,000 Chris Ng 93696720
  20 Oct 2017 669 Office 5,425 11,121,250 2,050 Kevin Ng 94566667

Historical Transaction Prices (See in Tower View)

Source: URA, https://www.squarefoot.com.sg

Historical Monthly Price Range

Source: URA, https://www.squarefoot.com.sg

Profitable Transactions
Total 5

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing.
Source: URA, https://www.squarefoot.com.sg
Sold
on
Address Unit area
(sqft)
Sale price
(S$ psf)
Bought
on
Purchase price
(S$ psf)
Profit
(S$)
Holding period
(days)
Annualised
(%)
7 Feb 2018 143 CECIL STREET #23-01 5,425 1,850 20 Feb 2001 809 5,646,342 6,196 5.0
1 Aug 2013 143 Cecil Street #24-01 5,210 2,025 7 Jul 2011 1,697 1,708,880 756 8.9
25 Mar 2013 143 Cecil Street #06-01 5,210 1,833 22 Jun 2012 1,500 1,735,000 276 30.4
6 Mar 2013 143 Cecil Street #25-01 5,425 2,010 16 May 2011 1,650 1,953,000 660 11.5
28 May 2007 143 Cecil Street #11-01-04 5,425 1,320 17 Nov 2006 800 2,821,074 192 159.1

Unprofitable Transactions
Total 0

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing.
Source: URA, https://www.squarefoot.com.sg

There are no round-trip transactions

Rental

Asking Rents

Note: Ranked by days in market.
Source: Public listings
  Listed Days in
market
Property
Type
Unit area
(sqft)
Asking Price
(S$)
Asking Price
(S$ psf pm)
Agent
Name
Agent
Mobile
  25 Apr 2019 117 Office 1,500 10,000 6.7 Janet Tew ( ) 94765668
  23 Apr 2019 119 Office 1,500 10,000 6.7 Danny Lim ( ) 82730380
  22 Apr 2019 120 Office 900 6,300 7.0 Seah Wan Peng (Gilda) 98170263
  22 Apr 2019 120 Office 1,500 10,000 6.7 Seah Wan Peng (Gilda) 98170263
  22 Apr 2019 120 Office 1,500 10,000 6.7 Joanna Z 96179895
  21 Apr 2019 121 Office 1,500 10,000 6.7 Kong Chong Phang 84822888
  20 Apr 2019 122 Office 1,510 9,998 6.6 SEAN PANG 93272518
  19 Apr 2019 123 Office 3,300 21,411 6.5 Penny Lim 90117273
  17 Apr 2019 125 Office 900 6,300 7.0 Wilyanto Deng 98197797
  17 Apr 2019 125 Office 1,500 10,000 6.7 Wilyanto Deng 98197797
  16 Apr 2019 126 Office 900 6,200 6.9 Preston Tan 92971730
  15 Apr 2019 127 Office 1,500 10,000 6.7 Stephen Yan 98241870
  12 Apr 2019 130 Office 3,294 23,058 7.0 Gerry Yeo 87331173
  11 Apr 2019 131 Office 3,200 21,080 6.6 Daniel Choy 91477218
  8 Apr 2019 134 Office 200 2,300 11.5 Andra Kwok 85693009
  5 Apr 2019 137 Office 3,294 21,411 6.5 Kevin Feng ( ) 82009297
  4 Apr 2019 138 Office 3,294 23,058 7.0 Vicki Lam 98309037
  31 Mar 2019 142 Retail 3,294 21,400 6.5 Jack Ooi 96563725
  28 Mar 2019 145 Office 3,294 21,000 6.4 Patrick Tan 82286149
  27 Mar 2019 146 Office 3,294 19,500 5.9 Gladys Tan 97929362
  27 Mar 2019 146 Retail 3,300 21,450 6.5 Joshua Wong 96329096
  26 Mar 2019 147 Office 3,294 21,411 6.5 Anand . 81382687
  25 Mar 2019 148 Office 3,294 21,411 6.5 Wilyanto Deng 98197797
  25 Mar 2019 148 Office 3,294 21,500 6.5 Meera Chandirran/VR 96390991
  21 Mar 2019 152 Office 3,285 20,695 6.3 Jason Chong 93229916
  12 Mar 2019 161 Office 900 6,300 7.0 Matthew Siew ??? 96689337
  12 Mar 2019 161 Office 1,500 10,000 6.7 Matthew Siew ??? 96689337
  1 Mar 2019 172 Office 1,333 7,999 6.0 Michael Bek 94501912
  26 Feb 2019 175 Office 1,500 9,999 6.7 Kaushik Bhanushali 96502999
  21 Feb 2019 180 Office 900 7,000 7.8 Roland Ng 96608211
  16 Feb 2019 185 Office 150 1,850 12.3 Andra Kwok 85693009
  9 Feb 2019 192 Office 1,500 9,450 6.3 Ken Wee 97111924
  4 Feb 2019 197 Office 900 6,300 7.0 Ken Wee 97111924
  25 Jan 2019 207 Office 1,500 10,500 7.0 Navin Bafna 84684750
  14 Jan 2019 218 Office 160 1,800 11.3 Andra Kwok 85693009
  8 Jan 2019 224 Office 1,500 10,000 6.7 Preston Tan 92971730
  8 Jan 2019 224 Office 1,500 10,000 6.7 Alvis Liew Pui Chung 97697639
  7 Jan 2019 225 Office 1,500 10,000 6.7 Philip Low 84680029
  7 Jan 2019 225 Office 900 6,300 7.0 Philip Low 84680029
  7 Dec 2018 256 Office 900 6,300 7.0 Alvis Liew Pui Chung 97697639
  4 Dec 2018 259 Office 3,294 21,400 6.5 Norman Cheam 91556522
  23 Apr 2018 484 Office 5,210 33,865 6.5 Parichart Vongvitavat Paew 98290168
  17 Apr 2018 490 Office 1,000 6,300 6.3 Daniel Choy 91477218
  16 Apr 2018 491 Office 1,000 6,300 6.3 Benedict Choa 92996999
  16 Apr 2018 491 Office 3,400 22,000 6.5 Benedict Choa 92996999
  10 Apr 2018 497 Office 5,400 35,000 6.5 Daniel Choy 91477218
  10 Apr 2018 497 Office 5,209 34,000 6.5 Daniel Choy 91477218
  10 Apr 2018 497 Office 5,209 34,000 6.5 Benedict Choa 92996999
  10 Apr 2018 497 Office 3,200 22,000 6.9 Daniel Choy 91477218
  24 Jan 2018 573 Office 1,333 7,331 5.5 Jessica Ng 91996390
  15 Nov 2017 643 Office 5,209 33,858 6.5 YONG CHING JULIE GOH 90682826
  9 Nov 2017 649 Office 1,299 9,358 7.2 Kelvin Teo 96953611
  8 Nov 2017 650 Office 1,500 10,000 6.7 Kelvin Teo 96953611
  1 Nov 2017 657 Office 5,000 31,000 6.2 Adnic Lee 96722265

Historical rental along CECIL STREET

Source: URA, https://www.squarefoot.com.sg

Month Type Lowest Rental
(S$ psf pm)
Rental 25th
(S$ psf pm)
Median Rental
(S$ psf pm)
Rental 75th
(S$ psf pm)
Highest Rental
(S$ psf pm)
Contracts
May 2019 Office 4.00 5.30 5.70 6.60 8.80 17
Apr 2019 Office 3.15 4.87 5.73 6.46 8.60 39
Mar 2019 Office 3.05 5.11 5.76 6.96 11.00 18
Feb 2019 Office 3.05 4.95 5.66 6.00 8.20 13
Dec 2018 Office 4.50 5.47 5.88 6.60 11.64 27
Nov 2018 Office 4.00 5.51 5.76 6.50 8.70 23
Oct 2018 Office 4.00 4.82 5.32 6.00 11.87 35
Sep 2018 Office 4.14 5.35 5.58 6.87 8.20 22
Aug 2018 Office 4.51 5.30 5.61 5.88 10.71 16
Jul 2018 Office 4.19 5.50 5.89 6.36 13.67 24
Jun 2018 Office 3.36 5.34 5.61 6.30 12.98 26
May 2018 Office 4.55 5.23 5.57 5.78 10.30 14
Apr 2018 Office 2.00 5.44 5.71 5.87 7.00 18
Mar 2018 Office 4.32 5.45 5.81 6.65 9.85 14
Feb 2018 Office 2.66 5.22 5.50 5.75 6.50 14
Jan 2018 Office 3.39 4.50 5.27 5.51 6.30 18
Dec 2017 Office 4.18 5.16 5.45 5.67 5.98 18
Nov 2017 Office 4.10 5.12 5.40 5.65 6.00 15
Oct 2017 Office 4.36 5.16 5.51 6.34 9.64 28
Sep 2017 Office 3.18 5.02 5.50 5.88 9.47 29
Aug 2017 Office 4.51 5.25 5.60 6.27 8.20 14
Jul 2017 Office 4.19 5.39 5.66 6.22 9.00 16
Jun 2017 Office 4.80 5.40 5.60 5.95 8.51 23
May 2017 Office 4.00 5.40 5.50 5.72 6.30 23

Nearby properties

Price and rental comparisons (Up to 50)

Note: Excludes properties with no transactions in the past 6 months. *Prices and rents are based on data in the past 6 months. Rents are based on street names and may not be representative of the subject property.
Source: https://www.squarefoot.com.sg
Marker Project Type Tenure Distance
(m)
Lowest
price*
(S$ psf)
Average
price*
(S$ psf)
Highest
price*
(S$ psf)
Rental
25th*
(S$ psf pm)
Median
Rental*
(S$ psf pm)
Rental
75th*
(S$ psf pm)
Rental yield
(%)
SHENTON HOUSE Office 99 Yrs FROM 1969 223 1,813 1,874 1,915 4.74 5.59 7.58 3.6
SHENTON HOUSE Shop 99 Yrs FROM 1969 223 1,595 1,595 1,595 5.16 5.51 6.14 4.1
PRUDENTIAL TOWER Office 99 Yrs FROM 1996 487 3,261 3,261 3,261 5.30 5.70 6.60 2.1
OXLEY TOWER Shop Freehold 38 4,998 4,998 4,998 8.58 9.29 9.68 2.2
ROBINSON SQUARE Office Freehold 57 2,703 2,703 2,703 6.28 7.30 7.86 3.2
SBF CENTER Office 99 Yrs FROM 2011 79 3,185 3,305 3,451 6.28 7.30 7.86 2.7

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: https://www.squarefoot.com.sg

Nearby land sales / new launches

There are no nearby land sales or new launches

Appendix: All past transactions

Historical Transactions

Source: URA, https://www.squarefoot.com.sg

Contract
Date
Address Property
Type
Type of
sale
Unit area
(sqft)
Type of
area
Price
(S$ psf)
Price
(S$)
11 Sep 2018 143 Cecil Street #09-01/02/03/04 Office Resale 5,210 Strata 1,750 9,117,500
7 Feb 2018 143 CECIL STREET #23-01 Office Resale 5,425 Strata 1,850 10,036,342
19 Jan 2018 143 Cecil Street #10-01/02/03/04 Office Resale 5,425 Strata 1,917 10,400,000
25 Aug 2014 143 Cecil Street #20-01/02/03/04 ETC Office Resale 16,060 Strata 1,973 31,688,000
10 Sep 2013 143 Cecil Street #03-01 Office Resale 12,594 Strata 1,600 20,150,400
1 Aug 2013 143 Cecil Street #24-01 Office Resale 5,210 Strata 2,025 10,550,250
30 May 2013 143 Cecil Street #04-01 Office Resale 3,294 Strata 1,650 5,435,100
25 Mar 2013 143 Cecil Street #06-01 Office Resale 5,210 Strata 1,833 9,550,000
6 Mar 2013 143 Cecil Street #25-01 Office Resale 5,425 Strata 2,010 10,904,250
24 Sep 2012 143 Cecil Street #26-01 Office Resale 5,500 Strata 1,750 9,625,000
30 Jul 2012 143 Cecil Street #07-01 Office Resale 5,425 Strata 1,551 8,414,175
22 Jun 2012 143 Cecil Street #06-01 Office Resale 5,210 Strata 1,500 7,815,000
13 Jun 2012 143 Cecil Street #01-01 Office Resale 13,067 Strata 1,850 24,173,950
6 Jun 2012 143 Cecil Street #09-01 Office Resale 5,210 Strata 1,500 7,815,000
28 May 2012 143 Cecil Street #08-01 Office Resale 5,425 Strata 1,475 8,001,875
14 May 2012 143 CECIL STREET #13-04 Office Resale 5,425 Strata 1,567 8,500,000
30 Apr 2012 143 Cecil Street #10-01 Office Resale 5,425 Strata 1,475 8,001,875
7 Jul 2011 143 Cecil Street #24-01 Office Resale 5,210 Strata 1,697 8,841,370
16 May 2011 143 Cecil Street #25-01 Office Resale 5,425 Strata 1,650 8,951,250
13 Oct 2010 143 Cecil Street #12-01 Office Resale 5,210 Strata 1,450 7,554,500
11 Oct 2010 143 Cecil Street #14-01 Office Resale 5,425 Strata 1,450 7,866,250
14 Sep 2010 143 Cecil Street #16-01-04 Office Resale 5,425 Strata 1,405 7,622,125
30 Aug 2010 143 Cecil Street #26-01/02/03/04 Office Resale 21,560 Strata 1,415 30,510,634
30 Aug 2010 143 Cecil Street #17-01 Office Resale 5,425 Strata 1,401 7,600,425
30 Aug 2010 143 Cecil Street #18-01 Office Resale 5,210 Strata 1,405 7,320,050
28 May 2007 143 Cecil Street #11-01-04 Office Resale 5,425 Strata 1,320 7,161,074
17 Nov 2006 143 Cecil Street #11-01-04 Office Resale 5,425 Strata 800 4,340,000
6 Nov 2006 143 Cecil Street #13-01/02 Office Resale 5,425 Strata 719 3,900,000
20 Feb 2001 143 CECIL STREET #23-01 Office Resale 5,425 Strata 809 4,390,000

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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