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The office and retail development is nestled on a 2,449.8 sq m site that is zoned commercial under the 2019 Draft Master Plan with a plot ratio of 4.2+.
The seven-storey Singapore Shopping Centre has been put up for collective sale with a $255 million reserve price, reported The Business Times.
The office and retail development is nestled on a 2,449.8 sq m site that is zoned commercial under the 2019 Draft Master Plan with a plot ratio of 4.2+.
Located at 190 Clemenceau Avenue, Singapore Shopping Centre is opposite the Dhoby Ghaut MRT station and enjoys triple-road frontage onto Penang Road, Clemenceau Avenue and Penang Lane.
The area is “poised for a major rejuvenation with the redevelopment of Park Mall just across the street”, said Andy Gan, SRI’s head of investment sales.
SRI managing director Tony Koe also highlighted the authorities’ proposed plans to pedestrianise a portion of Orchard Road as well as to connect green spaces at the Dhoby Ghaut Green, Istana Park and Plaza Singapura’s open space.
The tender for Singapore Shopping Centre closes on 9 September.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
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