// Adds dimensions UUID, Author and Topic into GA4
Friday, June 12, 2026
32.1 C
Singapore
type here...
The Centrepoint
Photo: Google Maps
Property
1 min.Read

Part of The Centrepoint up for en bloc sale for a guide price of S$418M

Mary Alavanza
By Mary Alavanza

SINGAPORE: The leasehold portion of The Centrepoint on Orchard Road has been put up for collective sale at a guide price of S$418 million, or S$2,709 per square foot per plot ratio (psf ppr), after factoring in a S$260 million Land Betterment Charge to top up the lease to 99 years and increase the total gross floor area to a plot ratio of 5.6.

The sale covers 132 leasehold strata units, including 66 retail units and 66 residential units. The remaining 151 retail units of the property will not be part of the tender, Savills Singapore said on Wednesday (Jan 7).

Currently, the site is zoned for commercial use under the 2025 Master Plan. It has a gross plot ratio of 5.6 and can be developed up to 10 storeys.

Jeremy Lake, Managing Director of Investment Sales and Capital Markets at Savills Singapore, said they are confident they can exceed the guide price, as developers have been bidding aggressively for Government Land Sales (GLS) sites, with some keen to buy a part of The Centrepoint.

The Centrepoint is directly linked to Somerset MRT station and is located close to Singapore’s Central Business District (CBD) and Marina Bay.

The public tender will close on Feb 26, 2026, at 3 p.m. /TISG

Read also: Million-dollar HDB resale flats rise nearly 50% to over 1,500 in 2025

- Advertisement -
Google News Follow Google News WhatsApp Join us on WhatsApp Telegram Follow us on Telegram

Hot this week

Domestic Helpers

Maid dares employer to send her back to the agency, then begs to keep her job

SINGAPORE: One helper's gamble appears to have backfired after she dared her employer to “send her back to the agency” if she was unhappy with her work. Instead of brushing off the remark, the em...
Singapore Politics

Alexis Dang says WP volunteers have visited 10,000 households in Punggol

"While 10,000 households may sound like a lot, the road ahead is still a long one. We will continue to press on, work hard, and walk the talk. Most importantly, we look forward to meeting many more...

Popular Categories

Singapore NewsFeatured NewsSG EconomySingapore PoliticsLifestyleCelebrityInternational
document.addEventListener("DOMContentLoaded", () => { const trigger = document.getElementById("ads-trigger"); if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { entries.forEach(entry => { if (entry.isIntersecting) { lazyLoader(); // You should define lazyLoader() elsewhere or inline here observer.unobserve(entry.target); // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); observer.observe(trigger); } else { // Fallback setTimeout(lazyLoader, 3000); } });

The Independent SG

Also Visit

Social Media

© The Independent Singapore

// //
Enable Notifications OK No thanks