Shaw Brothers Limited has sold the former Singapura Theatre site at No 55 Changi Road to a consortium for $44.9 million. The consortium includes Roxy-Pacific Holdings and Macly Capital. This works out to $768 per square foot of potential gross floor area for the freehold property. No development charge (DC) is payable for the 19,497 sq ft site, which is zoned for commercial use with a 3.0 plot ratio under...
Singapura Theatre
A freehold commercial redevelopment site along Changi Road has been put up for sale by tender. Sole marketing agent Knight Frank said the site at 55 Changi Road, which housed the former Singapura Theatre, sits on a land area of 1,811 square metres. It has a potential gross floor area of about 58,490 square feet. Knight Frank said the asking price of S$45 million translates to a land price of S$769 per...