Two strata retail units at Peninsula Plaza for sale at $13.5 mil

By Bong Xin Ying
/ EdgeProp Singapore |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (EDGEPROP) - Two strata retail units at the basement level of Peninsula Plaza are up for sale at a guide price of $13.5 million ($2,825 psf). JLL is the exclusive marketing agent.
Initially launched for sale in January this year with a guide price of $16 million ($3,348 psf), the property received a few offers which “fell short of the owner’s expectations”, and was later withdrawn from the market, says Clemence Lee, senior director, capital markets, JLL.
The contiguous units have a combined strata area of 4,779 sq ft. They are fully leased to five tenants, including two restaurants and three retail tenants. Highly accessible with a high footfall, the two units have direct escalator access from Level 1.
Peninsula Plaza is a mixed-use 30-storey development comprising an office tower with a five-storey retail podium. The development is located within a short walking distance to City Hall MRT Interchange Station on the North-South and East-West Lines.
As this is a commercial property, foreigners are eligible to purchase it. There is no additional buyer’s stamp duty or seller’s stamp duty imposed.
The expression of interest exercise will close on Oct 3, 3pm.
For price trends, recent transactions, other project info, check out the Peninsula Plaza project research page
Read also:
Check out the latest listings near Peninsula Plaza, City Hall MRT Interchange Station and Schools

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More