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Premium Automobiles teeing up to buy Sime Darby Business Centre for S$55 million

Former Audi dealer, which now distributes China EV brands, signs put-and-call option for acquisition of Alexandra Road showroom building

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Derryn Wong
Kalpana Rashiwala

Derryn Wong &

Kalpana Rashiwala

Published Mon, Nov 24, 2025 · 06:16 PM
    • The price for 315 Alexandra Road, next to the Ikea store, works out to S$307 per sq ft based on the existing gross floor area.
    • The price for 315 Alexandra Road, next to the Ikea store, works out to S$307 per sq ft based on the existing gross floor area. PHOTO: DERRYN WONG, BT

    [SINGAPORE] Will the third time be the charm for a sale of Sime Darby Business Centre?

    A deal seems to be under way again for the property at 315 Alexandra Road, next to the Ikea store, this time at S$55 million.

    The prospective buyer is Premium Automobiles, currently the authorised distributor for Chinese car brands Avatr, Deepal, XPeng and Zeekr.

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