Prices and sales history

The units are sold

There is no price list on this page any more, because there is nothing left to sell. The portfolio of strata retail and office units marketed at Fortune Centre has been fully taken up, and this site no longer operates as a sales site. What it does now is document what is in the building.

If you are looking for units at Fortune Centre today, they trade on the open resale market through licensed agents, unit by unit. We are not agents and hold no inventory.

What was marketed

The last campaign offered strata retail and office lots, available individually or as a portfolio, with units tenanted and various tenancy expiries. Quantum started from around $965,000 at the time of marketing.

Those figures are historical and were subject to change even while current. They are recorded here for reference, not as an indication of today's value.

What actually drives value here

Four things, and only one of them was ever on a price list.

• Remaining tenure. Fortune Centre is 99-year leasehold from 18 October 1980, so roughly 53 years remain. This is the single largest factor and it shortens every year. It affects loan-to-value, loan tenure and the resale buyer pool
• Passing rent versus market. A tenanted unit let above market is worth less than its yield suggests, and one let below market has embedded upside. The rent roll matters more than the headline yield
• The management fund. Sinking fund position, upcoming lift and facade works, and any special levy all land on the owner. Ask the MCST for the accounts
• Collective sale prospects. An ageing strata building always carries the possibility, which cuts both ways and is outside any individual owner's control

Commercial property treatment

Commercial strata in Singapore is not subject to Additional Buyer's Stamp Duty or Seller's Stamp Duty, and foreigners and companies are eligible to purchase. GST treatment differs from residential. Buyer's Stamp Duty still applies.

These are general points, not advice. Tax treatment turns on the specifics of the buyer and the transaction, and there is no shortage of accountants in this building who do exactly this work.

Further reading

• Buying a strata office: what people check before they commit
• What Fortune Centre says about the Bugis strata office market
• Full building fact sheet

Nothing on this page is financial, legal or investment advice, and no figure here should be relied on for a transaction. Speak to a licensed agent, a conveyancing lawyer and, where financing is involved, a valuer.