GSH PLAZA | 73 YRS | TOP AUG 2017
- Project Name: GSH Plaza
- Developer: Plaza Ventures Pte Ltd (A Consortium Comprising of GSH Corporation Limited, TYJ Group, Vibrant Group and DB2Land)
- Address: 20 Cecil Street, Singapore
- District: D01 Boat Quay / Raffles Place
- Property Type: Commercial Strata-Titled Office
- Site Area: 23.433 sqf
- Tenure: Leasehold 99 years from Dec 1989
- Total Units: 280 (Retail & F&B 21 units, Office 259 units)
- Retail Level: Level 1 & 2
- Office Level: Level 3 – 28
- Unit Mix: Strata Office, Shop & Food and beverage outlets
- No of Car Parks: 86 Lots
- Expected TOP: End 2016
- Expected Completion: 31 August 2017
GSH Plaza, Premium Strata Office Space in the heart of Singapore’s (CBD)Central Business District. The 28-storey GSH Plaza, nestled in the heart of Singapore’s Central Business District, has a total of 259 strata office units. It also has 2 floors of retail space for 8 shops and 13 food & beverage outlets.
GSH Plaza Strategically placed at the junction of Church Street and Cecil Street, the Grade-A GSH Plaza is just a couple of minutes walk from Raffles Place MRT station and within easy reach of Telok Ayer MRT station, thereby connecting commuters to the East-West, North-South, Downtown and the future Thomson-East Coast MRT lines. It is also accessible to major expressways such as the Marina Coastal Expressway nearby. Being in the vicinity of luxury residences and a myriad of dining, entertainment, hopping and leisure hotspots, GSH Plaza reinforces the contemporary trend of work and play in urban living.
The strata office units for sale will range from 480 square feet to 1,700 square feet with an average price tag of between S$2,850 to S$3,500 per square foot, depending on the size of the unit and the floor that it is located on.
Plaza Ventures Pte Ltd
The Consortium also comprises TYJ Group Pte Ltd (an investment vehicle of the Group’s Executive Chairman Mr. Sam Goi), and Vibrant DB2 Pte Ltd (an investment vehicle of Vibrant Group Limited and DB2 Group).
Mainboard-listed GSH Corporation Limited (“GSH” or the “Group”) announced its wholly-owned subsidiary, GSH Properties Pte Ltd, which owns a majority stake in Plaza Ventures Pte Ltd, an investment vehicle used by a consortium that owns GSH Plaza (formerly known as Equity Plaza).
About GSH Corporation Limited
Listed on the Mainboard of the Singapore Exchange, GSH Corporation Limited is a growing property developer in Southeast Asia, with three properties under development in Kuala Lumpur and Kota Kinabalu, Malaysia. It also owns the Sutera Harbour Resort in Kota Kinabalu, comprising two five-star hotels – the Pacific Sutera and Magellan Sutera Resort, a 104-berth marina and 27-hole championship golf course. In June 2014, the Group led a
consortium to acquire Equity Plaza (which has since been renamed GSH Plaza), a landmark commercial property in the heart of Singapore’s financial and business district, Raffles Place.
About TYJ Group Pte Ltd
TYJ Group is an investment vehicle wholly-owned and controlled by Mr Sam Goi. Mr Goi is a successful business leader who was conferred Businessman of the Year at the 2014 Singapore Business Awards. Mr Goi is the Executive Chairman of Tee Yih Jia Food Manufacturing Pte Ltd, an established Asian food manufacturer with production facilities in Singapore, Malaysia, China and the United States. The company’s flagship brand, SPRING HOME, has an extensive range of products that are exported to over 70 countries and is a global market leader of the spring roll pastry. Under Mr Goi’s leadership, the company attained first position at the Singapore Enterprise 50 Awards in 2000.
About Vibrant Group Limited
Listed on SGX-ST in 1995, Vibrant Group Limited (formerly known as Freight Links Express Holdings Limited) is a leading logistics, real estate and financial services group headquartered in Singapore. It offers a comprehensive range of integrated logistics services including international freight forwarding, chemical storage and logistics, warehousing & distribution and record management. The Group is also engaged in real estate business in property management, development and investment. Its financial services include fund management, financial leasing services and asset and trust management. The Group is the sponsor and manager of Sabana Real Estate Investment Trust (REIT), the world’s largest listed Shari’ah compliant REIT
GRADE A OFFICE
What is Grade A, Grade B and Grade C office space?
There are often referrals made in the commercial property industry about the ‘grading’ or classification of office space. But what does this mean?
Many Grade A office properties are found in prime locations, such as the ‘Central Business DistrictT’
There is no set definition about the grading of office space, but three general classifications do exist which all office properties fit broadly into.
There are many factors that can contribute to the grading of a property, including age, location, standard of maintenance, length of leases and even extras such as landlord credibility and rated tenants.
To find out more about Grade A, B or C office space, a general definition of the three classifications are as follows.
Grade A office space
The most prized and sought-after is Grade A or Class A office space. Typically, office buildings within the Grade A bracket are brand new or have been recently redeveloped, or experienced a thorough refurbishment. The properties are prestigious and usually occupy prime locations within major cities such as Central Business District.
Along with the standard of the building itself, Grade A offices will also possess high-quality furnishings, state-of-the-art facilities, and excellent accessibility. The property will be finished in order to compete for premier office users, typically appealing to an international market, and will usually demand rents that are above average for the area.
The Urban Land Institute, an organisation committed to commercial land use policy and practice, provides examples of Grade A office space as: “the office buildings that you see in the heart of the financial district with lots of brass and glass fixtures and huge, expensive lobbies.”
These properties are also said to be “often occupied by banks, high-priced law firms, investment banking companies, and other high-profile companies with a need to provide the trappings of financial success.”
Grade B office space
Grade B or Class B office space refers to properties that fall below the Grade A remit, typically in terms of location, facilities and maintenance. The majority of businesses seeking office space will usually opt for a Grade B property, as the rents are often cheaper and supply is more readily available than the more prestigious Grade A offices.
Grade B offices are usually maintained and finished to a good or fair standard, with adequate facilities. Materials used in the construction or fit-out of the building are functional but are not considered to be the highest quality.
These properties are sometimes ex-Grade A. They are often found in the suburbs or slightly cheaper areas, as opposed to Grade A offices which typically occupy the most sought-after locations.
Grade C office space
Grade C or Class C offices provide functional space for tenants looking for low rents. The fit-out is usually much lower quality than A or B Grade properties, while internal furnishings and decoration are usually not maintained regularly, or to a high standard.
These buildings are typically 15 to 25 years old, but maintain steady occupancy. The Urban Land Institute states that many Grade C offices are not genuine office buildings, but are more like “walk-up office spaces” located above retail or service businesses.
GSH Plaza is strategically located on the nexus of Church, Market and Cecil Streets. Perfectly situated in the heart of Singapore’s Financial and Business Centre, the office building has no shortage of potential tenants
Prime Location of Raffles Place provide GSH Plaza the unparalleled connectivity and convenience for talents who are businessmen, investors and office workers.
GSH Plaza is within walking distance to Raffles Place and Downtown MRT stations, which are two key points on the transport network. Being at the centre of it all also places commuters to nearby MRT Interchanges and significant stops such as City Hall, Marina Bay, Chinatown, Dhoby Ghaut and Orchard stations.
- Strategic location in the heart of the Central Business District
- Connected to major expressways
- Highly accessible via Raffles MRT
- 2 Minutes walk to Raffles MRT. 1 Stop to Marina Bay MRT and City Hall MRT. 3 Stops to Dhoby Ghaut MRT. 4 Stops to Orchard MRT
- 7 Minutes walk to Downtown MRT. 2 Stops to Chinatown MRT
Moreover, it is easily accessible to other parts of the island via Central (CTE), Ayer Rajah (AYE), Marina Coastal (MCE) and East Coast (ECP). Driving to Orchard Shopping District and Central Business Districts take you about 5-10 minutes.
Whether by foot, train and car, the choices for commute are unlimited and simple. Seamlessly connected to the rest of Singapore can also save commuters transport time.
Every destination is close to you at GSH Plaza
Step out of your front office into a vibrant, well-established area that has all amenities you need and share with your colleagues or clients such as restaurants, hotels, banks, supermarkets, mega malls, entertainment or recreation. Marina Bay Sands, Gardens by the Bay, and the shopping precincts of Raffles City and Marina Square are close by, offering a myriad of dining, entertainment, shopping and leisure options.
- Market Street Food Centre
- Tanjong Pagar Plaza Market & Food Center
- Maxwell Road Hawker Centre
- China Square Food Centre
Entertainment and Recreation
- Marina Bay Sands
- Fort Canning
- Robertson Quay
- Clarke Quay
To soak up culture, one can make a short trip to the Chinatown heritage district. Aficionados of the arts and entertainment will appreciate the proximity to the National Arts Gallery, the Esplanade Theatres on the Bay and Mastercard Theatres at Marina Bay Sands.
- Marina Bay Sands Shoppes
- Chinatown Point
- Esplanade Mall
- Capital Squar
- Sheng Siong
- Cold Storage
- Market Place Supermarket
- NTUC FairPrice
Choosing a business location is perhaps the most important decision. The convenience of GSH Plaza location helps Businessman to court new clients, impress investors and especially attract talents. No need to research anymore, GSH Plaza is definitely a plus point for business start up here.
GSH Plaza Office Towers is perfectly located at 20 Cecil Street, in Singapore CBD. The 99 year leasehold Grade A Office consists of 280 units, including 259 Office units along with 21 Retails – F&B units. The component of retail shops occupies at the first and second storeys and office spaces take up from the 3rd to 28th storeys.
Benchmark for Business Luxury Look
GSH Plaza Office distinguishes itself with its modern architecture and impeccable interior design with a colossus of steel and glass. The rare Grade A office is designed to complement every business with generiously space office units.
From studio-sized to amalgamation of multiple office units, every configuration can be tailored to suit all business needs.
- GSH Plaza’s office units range from approximately 480 sq ft to 1,700 sq ft
- Multiple units can be amalgamated into one office space for large organisation
- Different layout configurations (with the option to amalgamate) to meet every need
- Independent air-conditioning system facilitates flexible operating hours
Exceptional working environment defines your business’ success
A splendid lobby entrance at GSH Plaza will create a lasting impression, and reinforce the distinction of being associated with one of the world’s most successful financial hubs in Singapore CBD.
- 24-hour security guards
- 86 carpark lots (B1 to B3) over 3 levels of basement
- Main Lobby 8.4m / common area 2.8m
- New look for drop-off area / lift lobby
- Retails Shops, Coffee Shops, Longe Room.
- 2 escalators at two first floors
- Different layout configurations (with the option to amalgamate)to meet every need
- Independent air-conditioning system facilitates flexible operating hours
- 24-hour CCTV surveillance system
Raft foundation with reinforced concrete structure.
a. External Walls: Concrete and/or Masonry walls and/or Pre-cast and / or Aluminium & Glazing Wall cladding.
b. Internal Walls: Concrete and/or masonry and/or partition wall.
Reinforced concrete flat roof with waterproofing system with or without insulation.
All ceiling with skim coat unless otherwise stated.
Ceiling board with painted finishes to corridors, main lobby and lift lobby.
a. Wall: Masonry and/or dry partition wall plastered and paint. Imported tiles to washroom, lift lobby and corridors. Plastered and paint to basement wall.
b. Floor: Cement rendered finishes to all units unless otherwise stated. Imported tiles to washroom, lift lobby and corridors. Epoxy paint finish to basement carpark and driveway.
Office Unit: Window and/or Casement Window with Aluminum frame (where applicable).
Double Glazed glass and/or Double Glazed.
Safety glass (where applicable).
Shop, Restaurant Unit: Shopfront glass panels.
Office Unit: Glass and/or timber doors and PSB’s approved fire-rated doors where applicable.
Shop, Restaurant Unit: Glass door.
Office, Shop, Restaurant Unit: Imported good quality ironmongery.
- Sanitary Fittings (Change to Sanitary and Plumbing if required)
Office Unit: Imported good quality sanitary wares, fittings and accessories (To applicable units only).
- Electrical Installation
415V three phase isolator for shop, restaurant.
- Gas System
Restaurant Unit: Town gas supply
- Air-conditioning System and Mechanical Ventilation
Individual Air-conditioning system provided for shop, restaurant and office units.
Air-conditioning system provided to all lobbies and corridors. Mechanical Ventilation will be provided if required.
- Lift to all floors
- Telecommuniction Services
Provision of Cable network
Each unit will be provided with the telephone block terminal
- Lightning Protection
Lightning Protection System shall be provided in accordance with Singapore Standard 555: 2010.
- Water Proofing
Office Unit: Waterproofing to unit washrooms.
Shop, Restaurant Unit: Nil.
Waterproofing to common Toilets, Pantry, Bin Centre and Reinforced Concrete Roof.
Stone paving to designated 1st Storey areas of driveway.
- Security System
Card Access control system to selected locations.
Proximity transponder for vehicular entry at entrance CCTV, surveillance cameras at strategic locations.
- Floor Loading
The maximum allowable floor loading for Shops/ Restaurant Units and Office Units are as follows:
i) Restaurant Unit/Shop (1st and 2nd Storey) – 5.0kN/m2.
ii) Office Unit (3rd to 28th Storey) – 4.0kN/m2.
WHY BUY GSH PLAZA
Why Buy GSH Plaza?
Super Prime location: As GSH Plaza is located right at Raffles Place MRT, its location in the Central Business District (CBD) of Singapore is unparalleled and will appeal to many investors, business and office workers alike.
Unparalleled Connectivity: GSH Plaza is served by Raffles Place MRT which is the interchange station for the East-West Line and North-South Line. It is a stone’s throw away from Telok Ayer MRT Station, which is part of Downtown Line. This prime development is also served by expressways like Central Expressway (CTE), Ayer Rajah Expressway (AYE), Marina Coastal Expressway (MCE) and East Coast Parkway (ECP).
Dining and Entertainment Paradise: Plenty of dining options abound in he area around GSH Plaza. To be it hawker food, restaurants, bars or alfresco dining. For entertainment, night dining spots, it is nearby Boat Quay, Fullerton area, Marina Bay Sands, Gardens by the Bay, among others.
Low Supply of Prime Strata-Tiltled Office: As most of the office building in the CBD are owned managed by commercial landlord (E.g. CDL, Far East, Keppel, etc,), or by corporations themselves (e.g GSH Plaza an extremely attractive investment option.
High Rental Potential: With its super prime location, GSH Plaza will see no shortage of potential tenants, making it a relatively safe rental investment. Coupled with the current shortage of prime area office space and surging rental prices, it will be the great investment choice for investort.
– In the heart of Raffles Place, the Pretigious Office Address in everyone’s heart
– Only Building for sale with direct access to Raffles Place MRT, a central interchange station
– Strategic location for key businesses and MNC within close proximity
– Boast widest myraid of amenities, from retail to F&B
– Limited Supply of Prime Strata-Titled Offices
– Most of the office buildings in the CBD are owned and managed by commercial landlords.
– Grade A Office
– Multiple units can be amalgamated into one office space for large organisation
– Different layout configurations (with the option to amalgamate) to meet every need
– Independent air-conditioning system facilitates flexible operating hours
– Lofty open space lobby with security access
– Dedicated office entrance and lobby for select units enhances privacy and prestige
– Advanced security systems
– 24-hour CCTV surveillance system
Unaffected by Cooling Measures and Regulations
– Foreigners are eligible to buy
– No ABSD (Additional Buyer’s Stamp Duty)
– No SSD (Seller’s Stamp Duty)