The Arcade at Raffles Place put up for sale by tender
A familiar Raffles Place landmark, The Arcade, is being put up for sale by tender.
The 20-storey commercial development at 11 Collyer Quay sits on a prime site of approximately 21,909 square feet and has a 999-year lease tenure.
Marketing agent Colliers International said the site has "huge re-development potential", as the existing plot ratio has not been fully maximised.
Ms Tang Wei Leng, the executive director of investment services at Colliers International, said strata-titled mixed developments like The Arcade are rarely made available for sale.