Singapore Retail

Edmund Tie & Company (ET&Co), as the sole marketing agent, is pleased to offer a prime ground floor strata commercial space at Coronation Shopping Plaza located at Bukit Timah Road for sale by tender. The prized commercial property enjoys excellent visibility at street level and high footfall of crowd from the surrounding affluent residential estates and prestigious schools. Tan Kah Kee and Botanic...

Faced with promised anchor tenants that did not show up, falling retail rents and low occupancy, owners at the mall where McDonald's Place at King Albert Park once stood have taken matters into their own hands. Current owner and tenant EagleWings Group will expand its footprint in the strata mall come December by opening a cinema called EagleWings Cinematics which boasts 153 seats, including a premium...

A row of apartments with commercial shops along Phoenix Road in Bukit Panjang will be put up for collective sale via public tender on Thursday for S$42 million, marking the first time that the owners are embarking on an en bloc sale. This translates to a land rate of S$617 per square foot per plot ratio (psf ppr), and S$566 psf ppr after factoring in the 7 per cent bonus balcony gross floor area. No...

Freehold commercial property Golden Wall Centre has been sold en bloc for S$276.2 million to City View Holdings, a wholly owned subsidiary of Worldwide Hotels, which owns and manages hotel chains such as Hotel 81. The amount was higher than the reserve price of S$260 million, which was little changed from what the strata unit owners wanted in their first attempt at a collective sale in 2016. At...

GuocoLand Limited today announced the groundbreaking of Guoco Midtown, unveiling the name of the prime site that is set to rejuvenate the Beach Road district. It will provide a new epicentre for this side of Singapore’s Central Business District (CBD). Guoco Midtown is expected to be completed by the first half of 2022. Nestled within the City Hall office micromarket, Guoco Midtown will be the final...

Veteran property investor Stanley Quek is selling another conservation shophouse property. This time, an entity connected to him has offloaded three adjoining two-storey shophouses on Tras Street, for S$21.2 million. The property, which is part of the Tanjong Pagar Conservation Area, is being bought by an entity affiliated to Clifton Partners, a real estate investment firm owned by Singaporean Zain...

The appointed exclusive marketing agent - JLL, is calling offers for the purchase of two prime three-story conservation shophouses in Singapore’s historic Chinatown district. The two shophouses are a freehold and a 99-year leasehold property located respectively at 31 and 76 Pagoda Street. Both properties are zoned "commercial" and have been approved for use as food and beverage outlets. Foreigners...

A 999-year leasehold corner shophouse in Serangoon Gardens is up for sale with an indicative guide price of S$25 million. The two-storey non-conservation shophouse, located at 56 Serangoon Garden Way, occupies a land area of 2,122 square feet and total built up area of 3,482 square feet. According to marketing agent JLL, which is currently inviting offers through an expression of interest (EOI) exercise,...

Singapore’s latest mall library will open in VivoCity on 12 January 2019, promising book lovers here a new exciting venue with the latest features and services. The public library will offer conducive reading spaces for patrons of all ages set against a splendid view of Sentosa. To fit its location and help patrons locate it easily, the library will be named library@harbourfront. The library, which...

Entities connected to veteran property investor Stanley Quek are understood to be selling a pair of adjoining shophouses in Duxton Hill and a shophouse in Stanley Street in separate deals totaling S$37.3 million. The pair of shophouses at 40 and 41 Duxton Hill are changing hands at S$24.8 million. They are on two separate land lots, but the units are linked, forming a distinctive corner shophouse...