Golden Wall Centre up for collective sale at $260m

It could be transformed into a mid-sized hotel development.

Golden Wall Centre in Short Street is up for en bloc sale at $260m, Edmund Tie & Company (ET&Co) revealed. The freehold commercial property has a land area of approximately 2,251.9 sqm.

Reflecting a land rate of $2,194 psf ppr, the property has an existing gross floor area of 11,007.93 sqm. The Urban Redevelopment Authority (URA) advised that hotel use at Gross Plot Ratio 4.88 can be allowed, subject to compliance of conditions and requirements.

The property enjoys accessibility to the Rochor MRT station on the Downtown Line and can be found within 400 metres to Little India MRT interchange, connecting the Downtown and North East Lines. The site occupies a prominent corner plot with a 180-metre triple frontage boasting high visibility along the main thoroughfare of Rochor Canal Road, as well as Short Street and Albert Street.

Located within the Beach Road/Ophir-Rochor Corridor, Golden Wall Centre has the potential to benefit from the on-going rejuvenation and transformation in the area, ET&Co said.

“Such transformations can be exemplified with new developments such as DUO and Tekka Place – a retail mall with 320 serviced residences directly opposite the property,” the firm explained. “With its strategic city fringe location and proximity to the arts, heritage and cultural districts, the property is also ideal for a mid-sized hotel development.”

The tender exercise for Golden Wall Centre will close on 23 November at 3 pm.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia