Singapore Shopping Centre relaunched for en bloc sale for $255m

It comes with a provisional approval to rezone for hotel use.

The Singapore Shopping Centre has been relaunched for collective sale via tender at a reserved price of $255m until 18 March, Singapore Realtors Inc (SRI) announced.

The collective sale comes with a provisional approval to rezone for hotel use. A full commercial zoning will allow the purchaser to explore redeveloping the project into offices, retail building, commercial schools, hotels, banks or restaurants.

With a triple-road frontage onto Clemenceau Avenue, Penang Road and Penang Lane, Singapore Shopping Centre is a 7-storey retail-cum-office development in the Orchard Shopping Belt.

The total site area spans over 2,449.8 sqm with a development baseline of 12,566.47 sqm and a 4.2 plot ratio translating to a maximum building height of 6 storeys.