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The Arcade at Raffles Place put up for sale by tender

Published on Jan 22, 2014 5:14 PM
 
A familiar Raffles Place landmark, The Arcade, is being put up for sale by tender. -- PHOTO: COLLIERS INTERNATIONAL

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.

 
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