Singapore Retail

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...

Five adjoining conservation shophouses located in Kampong Glam are up for sale via public tender at a guide price of S$23.8 million, real estate firm Knight Frank said on Wednesday. The freehold shophouses at 17, 19, 21, 23 and 25 Baghdad Street are located at the prime corner of Baghdad Street and Muscat Street. They have five individual titles with a total land area of 4,892 square feet (sq ft),...

A portfolio of 32 freehold city-fringe shophouses located along Lavender Street and Serangoon Road has been launched for sale by public tender at a guide price of S$138 million, marketing agent JLL announced on Wednesday. Assuming no development charge is payable, the indicative price for The Lavender Collection translates to S$1,736 psf (per square foot) on the estimated GFA (gross floor area), or...

A row of three shops and the residential units above them along St George’s Road will be launched on Thursday for collective sale via private treaty at an asking price of S$26.5 million. Located at 2, 4 and 6 St George’s Road, the 4,403 square feet (sq ft) freehold land has a plot ratio of 3 and gross floor area of 13,210 sq ft, said sole marketing agent Jie Sheng Housing Agency on Wednesday. The...

A row of seven adjoining conservation shophouses in Geylang has been launched for sale at a guide price range of S$40 million to S$42 million, marketing agent Knight Frank Singapore said on Tuesday. Also under the same sale exercise are two adjoining conservation shophouses on Joo Chiat Road, offered at a guide price of around S$7 million to S$7.5 million. Both sets of freehold properties are up for...

Five strata lots for retail and office use spanning seven storeys at 30 Raffles Place have been launched for sale by joint marketing agents JLL and Cushman & Wakefield. The building, formerly known as Chevron House, is undergoing comprehensive asset enhancement initiative (AEI) works, after property developer Oxley Holdings agreed to sell it to Golden Compass, the investment vehicle of US-based real...

Sporting goods retailer Decathlon will open a new store at The Centrepoint next year, the mall's owner announced in a media release on Tuesday (Aug 27). Frasers Property Singapore said Decathlon will be the new anchor tenant of the Orchard Road shopping centre. The outlet is expected to open in the first half of 2020. This follows news that department store Metro, the current anchor tenant at The...

The Singapore Land Authority (SLA), Singapore Tourism Board (STB) and Urban Redevelopment Authority (URA) will be appointing an operator for the integrated management of Bugis Village and Bugis Street to enhance the vibrancy of the area, which is popular among locals and tourists. Currently, CapitaLand Commercial Trust Limited (“CCT”) is managing Bugis Village, while Bugis Street Development Pte Ltd...

Attracted by Singapore’s stable political environment and relatively strong office rentals, Hong Kong investors pumped a total of US$1.4 billion into the Republic’s real estate in the first half of 2019. This accounted for more than a quarter of the US$5.2 billion in total outbound real estate investment from Hong Kong during the period, making Singapore the top destination, Cushman & Wakefield...

A conserved two-storey shophouse located at 65 Neil Road is being put up for sale by auction for at least S$8 million, translating to about S$2,800 per square foot (psf) based on a gross floor area of 2,834 sq ft. The shophouse comes with an attic and has a land area of 1,413 sq ft, real estate firm Collier’s International said on Monday. It also has 99-year leasehold tenure with effect from July 4,...