JUST SOLD: Ground-floor shop at The Arcade sold for $32,516 psf

A 43 sq ft ground floor shop at The Arcade recently made history as the most expensive commercial property (in psf terms) recorded in Singapore. The retail unit was sold on 9 December 2015 for $32,516 psf or $1,400,000 and has an estimated remaining lease of 63 years. It is currently occupied by a money changer.
The Arcade is a 99-year leasehold commercial building comprising of office and retail units at Collyer Quay.
Recent transactions at the Arcade
Address
Area (sq ft)
Transacted Price ($)
Unit Price ($ psf)
Contract Date
11 Collyer Quay #01-xx
43
1,400,000
32,516
9-Dec-15
11 Collyer Quay #01-xx
377
2,850,000
7,565
20-Jul-15
11 Collyer Quay #06-xx
1,055
2,700,000
2,560
18-May-15
11 Collyer Quay #02-xx
280
2,250,000
8,040
10-Apr-15
11 Collyer Quay #02-xx
65
780,000
12,077
13-Feb-15
11 Collyer Quay #01-xx
248
1,950,000
7,876
5-Jan-15

Source: URA, The Edge Property

The Arcade at Collyer Quay
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