Prime $55m Kallang commercial hub hits market

CBRE and Cushman launched the sale of 535 Kallang Bahru, with potential GFA of nearly 67,000 sq ft.

CBRE Group, Inc. and Cushman & Wakefield are selling 535 Kallang Bahru, a three-storey commercial building in Kallang, the agencies said in a press release, with potential for redevelopment.

The property sits on 22,283 square feet (sq ft) of land with an existing GFA of 36,207 sq ft. It is almost fully occupied by tenants including a restaurant, fitness centre, offices, and a service centre.

Under the URA Master Plan 2025, the site is zoned Commercial.

Developers could expand the GFA to 66,850 sq ft, subject to approvals.

The building has dual street frontage and is near Geylang Bahru MRT and major expressways including the PIE and KPE.

The property is offered at a guide price of $55m (about $1,519 per sq ft on current GFA or $823 per sq ft at maximum GFA).

Interested buyers can contact CBRE or Cushman & Wakefield for more details.

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