![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-HoomVd33S7dU9J4zmzBHAOvz_PLKn9ySUDInDfgm7so9VC_GN1E0WaeTGAsk8UuDs0hVHN9Kxh1LnSR-UJgJolMm0tTFgAQH7E0fnHVpVrnPpYKTUTvF1vlFNnk8mZXexdkFoX17DSDo/s400/Merchant-Square-Singapore.gif)
SINGAPORE: CB Richard Ellis has launched office building Merchant Square (pix) for sale by public tender. The 99-year leasehold site, on the fringe of the CBD near the junction of Merchant Road and Clemenceau Avenue, comprises a 4-storey tower integrated with two blocks of conserved shophouses. There is a total net lettable area (NLA) of 50,262 sq ft. Land area is 28,000 sq ft. The guide price is S$73 million (RM167.6 million), or S$1,450 psf of NLA. Merchant Square is 96%-occupied with about 50% of current leases expiring over the next two years. The tender closes at 3pm on March 12.
By The Edge Singapore
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