Upper Serangoon Shopping Centre seeking S$260 million in en bloc market

[SINGAPORE] The freehold Upper Serangoon Shopping Centre, a six-storey strata-titled building completed in 1982, is being marketed in a collective sale at a guide price of S$260 million.

Along with the building, an adjoining plot of land is also up for sale separately, via private treaty. Combining the two sites will yield a total site of 5,443.3 square metres (sq m).

If the two sites are amalgamated, it can be rebuilt into a mixed-use development, said sole marketing agent CBRE. Alternatively, the Upper Serangoon Shopping Centre site can be refurbished into a newer retail mall.