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Commercial Directory · Office · District 1

Malacca Centre

1 sale from Dec 2022 to Dec 2022, at a median $3,104 psf (Dec 2022 to Dec 2022).

District 1 At a glance

Median psf, all sales
$3,104
Sales since Dec 2022
1
Latest sale, Dec 2022
$3,104 psf
Tenure
999-year lease

1 of 1 sellers with a known purchase price sold for more than they paid; the median made 5.7% a year.

Buying or selling at Malacca Centre?

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1 sales Every sale

DateTypeLevelSq ftPricePsfSaleSeller boughtProfitA year
2 Dec 2022Office141,830$5,680,000$3,104ResaleDec 2010, $2.93M$2.75M5.7%

URA Realis caveats via Huttons, to 13 Oct 2026. Sq ft is the strata area. Profit is the sale price less the seller's purchase price, before stamp duty, GST and fees; “a year” is that gain as a yearly rate over the time held. Unit numbers are left out.

Malacca Centre Questions

How much does a unit at Malacca Centre cost?

1 unit sale at Malacca Centre from Dec 2022 to Dec 2022 went for $3,104 to $3,104 psf, a median $3,104 psf on units of 1,830 to 1,830 sq ft. The latest, in Dec 2022, was $5,680,000 for 1,830 sq ft ($3,104 psf).

Did sellers at Malacca Centre make money?

1 of 1 resale where the caveat shows the purchase price sold for more than the seller paid. The median seller made $2.75M, 5.7% a year, before stamp duty, GST, fees and the rent collected while they held it.

What kind of property is Malacca Centre?

The sales here are office unit in District 1 (Core Central Region), most on a 999-year lease title. Commercial units carry no Additional Buyer’s Stamp Duty and cannot be bought with CPF.

Thinking of buying here to rent out? Check the yield and break-even in the Commercial Deal Check.

District 1 Nearby buildings

All 302 buildings