The Business Times
business-time-50

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

The site may be acquired with an adjoining land plot, and rebuilt into a mixed-use development

Summarise
google-preferred-sourceAdd BT as a preferred source
Ry-Anne Lim

Ry-Anne Lim

Published Mon, Apr 7, 2025 · 12:07 PM
    • The six-storey Upper Serangoon Shopping Centre comprises two interconnected blocks with eight homes, one office and 164 retail shops.
    • The six-storey Upper Serangoon Shopping Centre comprises two interconnected blocks with eight homes, one office and 164 retail shops. PHOTO: BT FILE

    [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. 

    Collective saleCBRECommercial propertySingapore commercial propertyPropertySingapore property

    TRENDING NOW

    Buntono is accused of possessing properties that, in part, represent his benefits from income tax evasion, including a Lamborghini Aventador similar to the one pictured.

    Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering

    Hong Kong youth no longer see a stable job and a lifetime of work as the only life goal – instead, they place greater emphasis on freedom and quality of life.

    Not in education, employment or training: Why more Hong Kong youths are opting out of work

    Vietnam has the highest rate of generative AI usage among the South-east Asian markets surveyed, with 36% of workers saying they used such tools “nearly every day”.

    Vietnam workers keenest on AI in South-east Asia; Singapore employees among most sceptical: survey

    Stash will remain a standalone entity as part of Grab’s business, retaining its current recurring revenue model, services and brand.

    Grab completes US$425 million acquisition of US-based Stash Financial

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More