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Colliers extends deadline for The Arcade's S$780m collective sale

It has also increased the land rate for the site after receiving the verified gross floor area (GFA) from the URA

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The 2,035 sq m site could potentially be redeveloped into a 50-storey integrated development with a hotel, residential units, office and retail space.

Singapore

COLLIERS International has extended the tender submission date for the en bloc sale of The Arcade in Raffles Place by two months till March 5, 2020, at 3pm.

This is because developers had asked for more time to assess the site, Colliers said in a press statement on Monday...