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En bloc sale for The Arcade in the offing

Price tag said to be around $3,000 psf ppr; minimum 80% owner consent clinched

A PRIME albeit small commercial site in Raffles Place, The Arcade, on a site of about 21,900 sq ft, could be put up for collective sale soon. Word on the street is that the price tag for the 20-storey office-and-retail building is around $3,000 per square foot per plot ratio (psf ppr), inclusive