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The Arcade up for collective sale again with S$780m asking price
This is 10% less than what was asked for in 2014; site has 999-year lease and is zoned commercial
Ng Ren Jye
Published Wed, Nov 13, 2019 · 09:50 PM
Singapore
THE owners of The Arcade in Collyer Quay are making a second stab at a collective sale, with an asking price of S$780 million, 10 per cent less than the S$868 million they had asked for in 2014.
The new price translates to an estimated land rate of S$2,833 per square foot per plot ratio, said marketing agent Colliers International in a statement on Wednesday.
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