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However, marketing agent Savills Singapore says that there is potential for the NLA to be increased to 75,227 sq ft, assuming one tenant per floor which would allow some of the common areas to be converted to lettable area. Based on the enhanced potential NLA, the guide price reflects $1,063 psf.

Eight-year-old Anson House, at the corner of Anson and Bernam streets, has a gross floor area of 96,734 sq ft. According to Savills, it will appeal to buyers looking for a corporate headquarters building, as well as to investors eyeing the upside in office rentals as new leases are signed and existing leases renewed. 'The supply of office space is presently very tight, further aggravated by the conversion of some of the older commercial buildings into inner-city residential apartments,' says Savills director of investment sales Steven Ming.

Anson House is 13-storeys high and, besides offices, has ground-floor retail space and 103 car parking lots. 'Being 100 per cent occupied, the building is generating strong cashflow both from rental collections and fees from its generous car parking facilities,' Mr Ming says. The tender for Anson House closes on Oct 5.