Singapore Shopping Centre takes another stab at collective sale with S$200 million price tag
Its most recent transaction attempt in August carried the same asking price
[SINGAPORE] Singapore Shopping Centre has been put up for collective sale once again, with a reserve price of S$200 million, marketing agent ETC announced on Thursday (Dec 4).
The latest guide price remains unchanged from its most recent sales attempt in August, which was about 21.6 per cent lower than the S$255 million reserve price commanded during its previous sale attempts in 2019 and 2020.
At the reserve price of S$200 million, the land rate translates to between S$2,800 and S$3,500 per sq ft per plot ratio, depending on the approved development use and intensity.
Spanning 2,449.8 square metres (sq m), the site is zoned for commercial use with a 4.2 plot ratio under the Urban Redevelopment Authority’s (URA) Master Plan 2025, with a building height control of up to six storeys.
The site can be redeveloped for hotel use at the same plot ratio, or the existing building can be adaptively repurposed for hotel use based on its current gross floor area, reflecting an equivalent plot ratio of 5.1296.
The subdivision of commercial properties is generally not allowed along Orchard Road. However, the Singapore Shopping Centre site lies just outside this URA-designated zone, ETC said, providing “the successful buyer with greater flexibility, including the option to strata-subdivide the space, if desired.”
ETC has submitted an enquiry to the authorities to renew the lease to a fresh 99-year period.
Swee Shou Fern, head of investment advisory at ETC, highlighted the property’s position within the rejuvenating Orchard Road district.
“From the reopening of The Cathay and *Scape, to the phased reopening of National Museum of Singapore and the newly refurbished House of Tan Yeok Nee as a lifestyle hub, the immediate vicinity is clearly entering a new cycle of growth,” she said.
Situated at 190 Clemenceau Avenue, the seven-storey development sits on a corner plot opposite the Dhoby Ghaut MRT interchange. It features a triple-street frontage spanning about 170 m along Clemenceau Avenue, Penang Road, and Penang Lane. It has a gross floor area of approximately 12,566.47 sq m.
Swee added that well-located assets in the area remain “extremely scarce” and anticipates interest from both local and international investors looking to anchor the next phase of the district’s transformation.
The site is surrounded by major landmarks, including Plaza Singapura, The Istana, Singapore Management University, and the School of the Arts.
The tender for the site will close on Jan 16, 2026, at 3 pm.
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