The Centrepoint partial plot enters collective sale along Orchard Road

Savills said it expects the sale to exceed a guide price of $418m.

A partial plot at The Centrepoint along Orchard Road has been put up for collective sale via public tender, involving a mix of retail and residential strata units, its sole agent Savills said.

The sale covers 132 leasehold strata units under MCST Plan No. 1304, comprising 66 retail and 66 residential units, located at 176A Orchard Road.

The tender excludes the other 151 retail units at The Centrepoint that fall under a separate management corporation, MCST Plan No. 1298.

The property sits on a 99-year leasehold site with about 52 years remaining, on a site area of roughly 44,700 sq ft.

Under the 2025 Master Plan, it is zoned Commercial with a gross plot ratio of 5.6 and a height control of up to 10 storeys.

The marketing agent cited an SLA-verified development baseline gross floor area of about 171,482 sq ft at a plot ratio of 3.83, with a maximum allowable GFA of around 250,320 sq ft.

The site benefits from direct access to Somerset MRT and a central Orchard Road location, with connectivity to the CBD and Marina Bay via major roads and expressways.

Savills, the marketing agent, said it expects the sale to exceed a guide price of $418m, equivalent to about $2,709 per sq ft per plot ratio, after factoring in an estimated $260m land betterment charge to top up the lease to a fresh 99 years and intensify the development to the allowable plot ratio.