Retail Space

A pair of shophouses along Bali Lane in Bugis is up for sale by tender at a "fire sale" price of S$9.8 million, while another shophouse at Duxton Road has been launched for sale with an indicative price range of S$4.9 million to S$5 million, marketing agent PropNex Realty announced on Wednesday. The guide price of S$9.8 million for the shophouses at 13, 14 Bali Lane works out to about S$3,797 psf (per...

Singapore-listed developer CapitaLand said on Wednesday (Nov 20) that it has agreed to sell The Star Vista for S$296 million to Rock Productions, the business arm of New Creation Church. The sale, which is scheduled to be completed by the end of this year, is expected to generate about S$145 million in net proceeds and about S$32 million in net gain for CapitaLand. Advertisement The selling price is...

Two freehold ground-floor units with F&B potential located at mixed-use development Alexis in Alexandra Road are up for sale at an indicative price of S$10 million, said marketing agent CBRE on Thursday. This works out to approximately S$3,259 per square foot (sq ft) based on the units' strata area. To be sold on vacant possession basis, the two shop units have a total gross floor area of 3,068 sq...

A prime four-storey conservation shophouse at 21 New Bridge Road has been launched for sale via tender at S$19.5 million, Colliers International said. The seller will bear the additional cost to top up the land tenure to a fresh 99-year lease, and has also committed to undertake addition and alteration (A&A) works to build out the rear extension from the current four storeys to up to six storeys. The...

Two commercial shophouses in Kampong Glam and Serangoon Gardens have been put for sale via expression of interest at guide prices of S$6.9 million and S$8.5 million respectively, said sole marketing agent Knight Frank. The 999-year leasehold Kampong Glam property is located at 18 Bali Lane. The two-storey conservation shophouse with attic, which is currently tenanted, has a total built-up area of about...

Rents of retail space in the central region of Singapore increased by 2.3 per cent in the third quarter, after falling 1.5 per cent in the previous quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday. URA's price index of retail space in the central region was up 1.1 per cent in Q3, versus the 0.4 per cent increase in Q2. As at the end of Q3, there was a total...

With the disruption posed by e-commerce, retail malls in Singapore are rapidly evolving beyond mere sales to introduce experiential- and activity-based concepts to entice returning customers, said a new paper by real estate consultancy Edmund Tie. While Singapore's GDP (gross domestic product) and household incomes have steadily recovered since the 2009 global financial crisis, rising at a compounded...

Bugis Cube has been put up for collective sale via a public tender exercise at a reserve price of S$230 million, marketing agent Cushman & Wakefield said on Monday. Located at 470 North Bridge Road, Bugis Cube is a six-storey commercial building with a basement floor car park. It has 119 strata-titled retail shops, including food and beverage (F&B) outlets; beauty, hair and nail salons; and a family...

A pair of two-storey conservation shophouses in Duxton Hill, Tanjong Pagar has been launched for sale with an S$11 million guide price, marketing agent JLL announced on Monday. The indicative price works out to about S$2,800 per square foot on the estimated gross floor area. Located on 39 and 40 Duxton Road, the shophouses have a combined land area of 2,161 sq ft, and an estimated built-up area of...

A row of six adjoining shophouses in Tanjong Pagar have been launched for sale, either individually or collectively, via an expression of interest exercise, joint marketing agents Colliers International and Jones Lang Lasalle Singapore (JLL) said on Tuesday. Located at 48 to 56 Peck Seah Street, the three pairs of two-storey conservation shophouses with attic sit on three separate land lots with a...