Peace Centre

Peace Centre, a shopping mall, and Peace Mansion, an adjacent apartment complex, have been sold after a fifth attempt at a collective sale, according to exclusive marketing agent JLL (Dec 3). CEL Development, Sing-Haiyi Crystal, and Ultra Infinity formed a joint venture to purchase the mixed-use property on Sophia Road for S$650 million. The reserve price for the collective sale was established at...

Peace Centre/Peace Mansion (PCPM) at 1 Sophia Road has extended its collective sale tender closing date by three weeks on the basis that the property's owners are still awaiting approval from the relevant authorities for a lease top-up, and that developers would require more time to evaluate government land sale (GLS) sites currently available in the market. The tender closing date, previously...

The owners of Peace Centre/ Peace Mansion have put the prime mixed development site at 1 Sophia Road up for tender again, with a reserve price of S$688 million, or about S$1,474 per square foot per plot ratio (psf ppr). Peace Centre/ Peace Mansion (PCPM) sits on a 76,617 square feet site, with a gross floor area of slightly over 600,000 sq ft. The property has 32 floors, with Peace Centre being a...

The rejuvenation of Selegie Road will move further along if the owners of two buildings there succeed in their collective sale bids. Selegie Centre, a 10-storey freehold commercial building, has obtained approval from around 90 per cent of owners by share value and strata area to launch a tender with a reserve price of S$120 million. The land rate works out to S$1,942 per square foot per plot ratio...

Peace Centre and Peace Mansion on Sophia Road were put up for sale on Monday (Dec 15) with an indicative price of approximately S$680 million, according to Colliers International, the property consultant that launched the sale. The property on 1 Sophia Road sits on a 76,617-square-foot site that has a 99-year leasehold tenure that commenced on Jun 2, 1970. The subject site is zoned for commercial use,...

A commercial redevelopment site which Peace Centre and Peace Mansion sit on is up for en bloc sale. Marketing manager Savills Singapore said the site at 1 Sophia Road is over 7,100 square metres and has a guide price of S$675 million. This works out to S$1,306 per square foot per plot ratio, and includes an estimated upgrading premium of S$145 million to top up the existing lease to a 99-year...