Prime site Chinatown Plaza for sale for $270m

The bidding will close on 15 March 2018 at 12 noon.

The prime mixed-use redevelopment site Chinatown Plaza has been put up for an en bloc sale, Edmund Tie & Company (SEA) Pte Ltd. said.

According to a press release, the asking price for the property is $270m, or $1,989 psf ppr of potential GFA. No development charge is payable.

The freehold site has a land area of around 3,154.3 sqm and is zoned for both commercial and residential use.

The site can be redeveloped up to its existing gross floor area of 12,610.89 sqm.

It has a dual road frontage at the junction of Craig Road and Neil Road.

Chinatown Plaza is also connected to three MRT stations on three MRT lines within a 400-metre radius.

The tender exercise will close on Thursday, 15 March 2018 at 12 noon.