Singapore Shopping Centre relaunches collective sale with $200m guide price

The property occupies a 2,449.8-square-metre corner site with triple frontages.

Singapore Shopping Centre at 190 Clemenceau Avenue has been relaunched for collective sale with an asking price of $200m, according to sole marketing agent Edmund Tie & Company.

The guide price translates to about $2,800 to $3,500 per square foot per plot ratio, depending on the eventual land use and intensity.

The tender opened on 18 August 2025 and will close on 28 October 2025.

The property occupies a 2,449.8-square-metre corner site with triple frontages along Clemenceau Avenue, Penang Road and Penang Lane. It has an existing gross floor area of about 12,566 square metres.

Under the Master Plan 2019, the site is zoned “Commercial” with a plot ratio of 4.2. It lies outside the URA Orchard Road no-subdivision zone, which allows strata subdivision.

ETC said the Urban Redevelopment Authority has indicated support for either redevelopment to hotel use at plot ratio 4.2 or adaptive reuse to a hotel at the existing GFA, equivalent to a plot ratio of 5.1296.

ETC added that it has enquired about renewing the site to a fresh 99-year lease, noting that authorities had provided in-principle support during an earlier sale attempt in 2020.

The property is located opposite the Dhoby Ghaut MRT interchange at the gateway to Orchard and Dhoby Ghaut. It is close to Plaza Singapura, 9 Penang Road, Singapore Management University and the School of the Arts.

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