Two 999-year leasehold strata retail units at Peninsula Plaza are up for sale via expression of interest (EOI) for $12.33 million, according to its exclusive marketing agent, Cushman & Wakefield. The price works out to $3,471 psf on the combined strata area of 3,552 sq ft.

The units can be purchased individually or collectively, with the smaller unit going for $4.38 million ($3,989 psf) and the large one priced at $7.95 million ($3,239 psf). The smaller unit measures 1,098 sq ft, while the larger one spans 2,454 sq ft. The larger unit features six display windows along Peninsula Plaza’s main facade, overlooking North Bridge Road. Both units are positioned right in front of the main escalator, providing excellent visibility.

Peninsula Plaza is a mixed-use commercial development on North Bridge Road, opposite the City Hall MRT interchange for East-West and North-South Lines. Built in 1980, the 30-storey complex includes offices and retail units. It is close to landmarks including the Supreme Court and National Gallery Singapore.

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“The two retail units present a rare opportunity to acquire prime street-facing strata retail space in the Civic District, with MRT connectivity and strong dual catchment from both office and tourist crowds,” says Shaun Poh, executive director for capital markets at Cushman & Wakefield.

The EOI exercise will end on Jan 15, at 3pm.

Check out the latest listings for Peninsula Plaza, City Hall properties