SPRING Singapore Building is a commercial development comprising a 22-storey tower and a 6-storey podium block. The building completed in 1989 has 207 car park lots within the podium block and is served by 6 lifts at the Tower block and 2 lifts at the Podium block. The podium block is further served by a set of escalator on every floor.
Features
Specifications
Tenure
99-year leasehold from 1984
Site Area
Approximately 8,202.9 sq m / 88,295 sq ft
Gross Floor Area
Approximately 32,994.91 sq m / 355,153 sq ft
Net Lettable Area
Approximately 18,464 sq m / 198,744 sq ft
(exclude auditorium and training rooms of about
1,521 sq m or approximately 16,371 sq ft)
Town Planning
Under the 2003 Master Plan, the property is designated for civic and community institution use. Nevertheless, URA has granted an approval to regularize the land use to be rezoned to commercial at approved Gross Plot Ratio of 4.02, till the end of the lease which should not be extended beyond its expiry in 2083.
Existing Plot Ratio
4.02
Occupancy Rate
The property currently enjoys an occupancy rate of
approximately 98%.
Total Income
Expected entry income for the property is approximately $7,097,181 per annum.
