The Arcade put up for sale by tender

[SINGAPORE] The owners of The Arcade, which include property developer City Developments, are looking to sell the 20-storey commercial development in Collyer Quay for $900 million.

The 999-year leasehold development has a maximum allowable gross floor area of 303,657 square feet, but the total existing strata area stands at 157,325 sq ft.

Marketing agent Colliers International said: "There is huge redevelopment potential for the site, as the existing plot ratio has not been fully maximised."