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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

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.


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...

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