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

/ EdgeProp Singapore
August 29, 2019 6:55 PM SGT
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million ($3,348 psf), the property received a few offers which “fell short of the owner’s expectations”, and was later withdrawn from the market, says Clemence Lee, senior director, capital markets, JLL.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
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