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by Cheryl Tay
Griffin Real Estate Investment Holdings, a subsidiary of education group ERC Holdings, has launched the sale of Bugis Cube (pictured), a 999-year commercial property at North Bridge Road.
Bugis Cube, which is 92 percent owned by Griffin, will span six floors, with prime retail and F&B spaces each ranging in size from 129 sq ft to 635 sq ft. Unit prices will range between S$2,900 psf and S$7,500 psf.
F&B outlets will be provided with grease traps, while each shop will come equipped with a water point.
“The Bugis area is one of the most vibrant shopping areas in Singapore. It is one of the few places that draws a young, trendy crowd seven days a week. Bugis Cube will be very attractive to retailers catering to youth and students. Furthermore, Bugis Cube is a rare opportunity for people to own prime retail property in the city centre,” noted Andy Ong, Chairman of ERC Holdings.
Bugis Cube is also close to Bugis MRT station as well as to InterContinental Singapore, the upcoming South Beach development and the National Library.
Mary Sai, Executive Director at Knight Frank, the sole marketing agent for the property, noted that there has been a strong response from retailers and investors in the past two weeks.
“Its superb location and surrounding amenities will provide an exceptional investment opportunity as there is a dearth of good retail space in the vicinity to purchase.”
Bugis Cube will be officially launched tomorrow, with only 91 units for sale.
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