Retail Space

Two conservation shophouses in Neil Road and three other shophouses with adjoining land in Jasmine Road are separately up for sale in the market, Colliers International said in a press statement on Wednesday. The pair of of adjoining two-storey conservation shophouses with attic at 65/67 Neil Road has an indicative price of S$15.57 million. This translates to about S$2,800 per square foot (psf), based...

Frasers Property on Monday announced that Frasers Property Retail has entered into an agreement to acquire property manager AsiaMalls Management for an undisclosed sum. AsiaMalls Management manages a portfolio of five malls in Singapore: Century Square, Hougang Mall, Tampines 1, Tiong Bahru Plaza and White Sands. It also manages a 20-storey office tower, Central Plaza, along Tiong Bahru Road. The six...

A portfoilo of 11 freehold commercial units at mixed-use development Balestier Point is up for sale at S$68 million, exclusive marketing agent Savills Singapore said on Wednesday. Unit sizes range from 269 to 5,609 square feet (sq ft), making up a total strata area of about 19,787 sq ft. The units can be bought individually or collectively, with the smallest unit priced at about S$1.2 million. They...

A corner pair of freehold shophouses at 24 and 26 Moonstone Lane is up for sale as a bundle with an indicative price of S$6.6 million, marketing agent CBRE said on Tuesday. The two-storey shophouses occupy a total site area of about 2,877 square feet (sq ft) and have a combined existing built-up area of about 4,628 sq ft. Under the Urban Revelopment Authority's (URA) 2019 Master Plan, the properties...

Rents of retail space in Singapore's central region rose 2.3 per cent in the fourth quarter of 2019 over the previous three months, following the same rate of increase in the third quarter of 2019, according to data released by the Urban Redevelopment Authority (URA) on Thursday. For the whole of 2019, the retail rental index rose 2.9 per cent, contrasting with the 1 per cent drop in 2018. URA's...

A portfoilo of 11 retail shops in Sim Lim Square is up for sale via expression of interest for S$22 million, sole marketing agent Knight Frank Singapore said on Wednesday. The total strata area of the shops is about 5,000 square feet (sq ft), with unit sizes ranging from 291 sq ft to 506 sq ft. The shops, which can be bought collectively or as individual units, face the central podium on the fifth floor...

Two freehold shophouses, one along East Coast Road and the other in Geylang, have been launched for sale by tender. Their guide prices start from S$9.9 million for the East Coast shophouse and from S$4.98 million for the Geylang property, marketing agent PropNex Realty said on Tuesday. The shophouse on 711 East Coast Road also has a student hostel licence, which allows accommodation facilities for...

A pair of conservation shophouses along Tras Street is up for sale with a guide price of S$12 million for the larger property and S$10.8 million for the smaller unit. This works out to about S$2,800 per square foot (sq ft) for each shophouse, sole marketing agent CBRE announced on Tuesday. The larger shophouse has a land area of about 1,494 square feet (sq ft) and total floor area of about 4,257 sq ft,...

Sim Lim Square retail mall is up for collective sale under a second tender, following the discovery of an extra 27 per cent built-up space. SLP International Property Consultants Pte Ltd said the mall, located at the apex of the Ophir-Rochor corridor, will be put up for collective sale via public tender on Dec 16, 2019. Built in 1985, the strata titled retail mall is a 99-year leasehold site sitting...

Cosmetics retailer Sasa International announced on Monday (Dec 2) that it will close all 22 stores in Singapore. About 170 employees will be affected by the decision, the company said in its statement, adding that they will be "fully compensated" according to local employment laws and regulations. "The Group's performance in Singapore has been less than satisfactory for many years, and has recorded...