Cuscaden Peak to put The Clementi Mall up for sale at around S$750 million

[SINGAPORE] Cuscaden Peak Investments is putting The Clementi Mall on the market at an indicative guide price of around S$750 million, according to industry sources. 

The group is in the early stages of preparing for a sale of the retail property, the sources said. At S$750 million, the indicative price would be about 15 per cent above the latest valuation of S$645 million as at Dec 31, 2024, and would translate to about S$3,800 per square foot (psf) on the net lettable area of about 195,772 sq ft. 

The Business Times understands that the move is part of the group’s ongoing strategy of portfolio optimisation and capital recycling.