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TripleOne Somerset

TripleOne Somerset is a prime integrated development, comprising two premium grade office towers and a retail podium, strategically located within the renowned Orchard Road precinct and next to the Somerset Mass Rapid Transit ("MRT") Station serving the North-South Line. The property also enjoys two prominent frontages along Somerset Road and Devonshire Road which provide dual drop-off and access to the development.

The immediate Orchard Road precinct is Singapore's main shopping and entertainment belt, comprising predominantly shopping complexes, serviced apartments, hotels and office buildings. The development is also well-supported by a strong residential catchment from the affluent Devonshire and River Valley areas.

TripleOne Somerset is set to undergo an approximately S$150 million asset enhancement programme. The planned works include enhancing the retail offerings, incorporating medical suites of about 32,000 square feet on levels three and four, and sprucing up of the office lobby and common areas. In addition, the two office towers and the medical suites will be sold on a strata basis. Strata sale of the office spaces will commence with the tower fronting Somerset Road. The enhancement works and strata sale are expected to commence in the second quarter of 2016.

Property Information


Location 111 Somerset Road, Singapore 238164
Description Office: 2 towers

Retail Podium: 2 retail levels

Car Park: 2 basement levels
Tenure 99 years, expiring on 18 February 2074
Effective Interest
(%)
30
Valuation
(S$)
988,000,000
Land Area
(sq ft)
109,421
Gross Floor Area
(sq ft)
766,549
Net Lettable Area
(sq ft)
Retail: 70,360
Office: 494,463
Total: 564,823
Operational Operational with enhancement words in progress
Anchor/Major Tenants Cold Storage,
Worley Parsons,
National Council of Social Service
Website www.111somerset.com.sg

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