While many people are taking a wait-and-see approach, the recent banking turmoil has instead buoyed interest in commercial properties among ultra-high-net-worth private buyers.

The sale of level 20 at The Solitaire on Cecil at $4,325 set a new benchmark, making it the highest commercial transaction per square foot in Singapore’s CBD.

Jeremy Lake, Managing Director, Investment Sales & Capital Market at Savills Singapore shares his expertise on the record breaking transaction and the profile of many such buyers in the commercial property sector.