DFI puts Jelita Shopping Centre on the market with S$85 million guide price

DFI Retail Group (DFI) is seeking a buyer for the four-decade-old Jelita Shopping Centre at 293 Holland Road.

It has appointed JLL as the exclusive marketing agent to conduct an expression of interest (EOI) exercise for the two-storey, 999-year leasehold retail mall at the corner of Holland Road and Jalan Jelita.

The guide price is S$85 million, which works out to S$2,528 per square foot (psf) on the existing net lettable area (NLA) of 33,621 square feet (sq ft).