CDL, MCL Land marketing Piccadilly Galleria retail podium for sale at lower price of S$67.5m

[SINGAPORE] Piccadilly Grand’s retail podium is up for sale for S$67.5 million, at a lower price after an earlier expression of interest exercise closed in November 2024. 

The ground-floor retail podium, known as Piccadilly Galleria, is part of a 99-year leasehold integrated development developed by City Developments Ltd (CDL) and MCL Land. The project is expected to be completed in the fourth quarter of 2025. 

The 15-unit retail podium was first put up for sale in October 2024 for S$75 million, or S$3,724 psf. At the current guide price which is 10 per cent lower, this would work out to S$3,350 psf based on the retail podium’s net lettable area of 20,140 square feet (sq ft).