Commercial land parcel at Club Street for sale at $30 mil

Commercial land parcel at Club Street for sale at $30 mil was reported by EdgeProp Singapore on 18 September 2023.

The land is zoned for commercial use under the Urban Redevelopment Authority’s (URA) Master Plan and has a total area of 6,929 sq ft. URA has also granted outline planning permission (OPP) for use as a hotel. As an envelope control site, the current OPP allows the site to be developed up to two storeys plus a roof terrace and a basement.

Why this matters for Singapore commercial property

The listing or transaction provides a current pricing reference and a useful signal of investor demand for Singapore commercial assets. The story is relevant to businesses, landlords and investors comparing current market evidence before making leasing or acquisition decisions.

Key takeaways

• Market: Singapore commercial property investment

• Location: Chinatown

• Reported benchmark: $30 mil

• News date: 18 September 2023

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Source: EdgeProp Singapore, 18 September 2023