NTUC FairPrice’s freehold Upper Thomson property on the market for about S$300 million

[SINGAPORE] NTUC FairPrice Co-operative’s freehold industrial property at the corner of Upper Thomson Road and Tagore Drive has been put up for sale.

Industry observers expect the indicative price to be in the region of S$300 million, which works out to about S$568 per square foot per plot ratio (psf ppr).

CBRE has been appointed to market the property at 680 Upper Thomson Road, and is conducting an expression-of-interest exercise.