The Business Times
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SINGAPORE PROPERTY

NTUC Enterprise’s Mercatus said to have put 11 retail assets up for sale at S$307 million guide price

Portfolio divided into four bundles; sale will be with existing long-term tenancies to NTUC FairPrice supermarket chain

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Kalpana Rashiwala

Kalpana Rashiwala

Published Tue, Nov 18, 2025 · 06:33 PM
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    • The nearly 10,200 sq ft FairPrice Finest supermarket space in Coronation Shopping Plaza is the only freehold asset in the portfolio.
    • The nearly 10,200 sq ft FairPrice Finest supermarket space in Coronation Shopping Plaza is the only freehold asset in the portfolio. PHOTO: GOOGLE MAPS

    [SINGAPORE] NTUC Enterprise unit Mercatus is understood to have put on the market a portfolio of 11 retail assets across Singapore – comprising strata retail space in Coronation Shopping Plaza and Bukit Timah Plaza and nine Housing & Development Board (HDB) commercial shops.

    The total indicative price of the 11 properties, adding up to about 172,000 sq ft of space, is about S$307 million, The Business Times understands.

    The properties have full occupancy, anchored by Singapore’s biggest supermarket chain NTUC FairPrice, which is set to retain long-term tenancies in the assets.

    Singapore propertyNTUCSingapore retailFairPrice

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