A New Opportunity in Singapore's Real Estate Market!

In an exciting twist for real estate enthusiasts, the Singapore Shopping Centre is making a comeback on the market with a revamped price tag of S$200 million, reflecting a significant 21.6% reduction from its previous reserve of S$255 million.

Prime Location Meets Adaptable Potential!

This prime piece of real estate, spanning over 2,449.8 square meters, is zoned for commercial use under the Urban Redevelopment Authority's Draft Master Plan 2019. With a generous plot ratio of 4.2, there’s incredible potential for redevelopment, including the option to convert it into a hotel or adapt the existing structure for hospitality purposes.

Flexible Development Options Await!

One of the key highlights is the strategic location of the shopping centre, situated just outside the URA-designated zone along Orchard Road, allowing developers the unique flexibility to strata-subdivide the property.

Insights from Industry Experts!

Swee Shou Fern, head of investment advisory at ETC, emphasized the site’s immense potential amidst the ongoing transformation of the area. With exciting new developments and green public spaces like Dhoby Ghaut Green emerging, this site could become a pivotal attraction on Orchard Road.

Prime Location With Key Neighbors!

The seven-storey building, strategically located at 190 Clemenceau Avenue, boasts a prime triple-road frontage and sits directly opposite Dhoby Ghaut MRT station. It’s also adjacent to key establishments such as UBS and Singapore Management University, amplifying its appeal for future commercial endeavors.

A Second Chance for Visionary Developers!

Originally launched for collective sale in July 2019, the shopping centre attracted little interest at its initial price, but with this new chance and enticing price reduction, the tender is now set to close on October 28. Will this be the moment visionary developers seize the opportunity?