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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

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The Arcade is 40 years old. Moeez Hatim Nakhoda, who chairs the collective sale committee, says the building has 'fallen behind the times' and could do with a makeover.

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...

sentifi.com

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