News

Commercial Property

Staff Reporter

, Singapore

Published:

2 years ago

202 views

/CBRE

545 Orchard Road up for sale: CBRE

The site has a guide price of $928m.

A redevelopment site, 545 Orchard Road, along Orchard Road, one of the most prime shopping belt, is up for sale via public tender until 20 September 2023, 3 p.m., CBRE revealed.

The site is about 200 metres from Orchard Road MRT Station and located in the heart of this iconic district,
it is surrounded by major shopping malls as well as high-end hotels.

It has a GFA of 290,574 sq ft under the SDI Scheme, and assuming full commercial usage, this works out to be $3,421 per sq ft per plot ratio (psf ppr), inclusive of Land Betterment Charge. As the Site is currently zoned for commercial use, the successful bidder/s will not have to pay any Additional Buyers’ Stamp Duty.

The 36,014 sq ft corner site has a land tenure of 999 years with effect from 1871 and is currently zoned for commercial use.

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