JCube Residence is the first residential condominium development in the new district in Jurong East. Located at the doorstep of Jurong East MRT Station, this condominium offers convenience and connectivity while providing a unique new home experience.

An opportunity to capitalise on Singapore’s thriving retail market, 15 Scotts, a prime freehold nine-storey commercial building located just off Orchard Road, is up for sale via an expression of interest (EOI) exercise. The entire ground floor, comprising two strata units, is going for $38.8 million.

The adjacent units measure 3,186 sq ft and 3,250 sq ft respectively, with a combined strata area of about 6,437 sq ft. They are currently occupied by a luxury home interior décor brand and a premium spa facility.

Formerly known as Thong Teck Building, the building underwent a comprehensive $15 million refurbishment in 2015, including the upgrade of common areas and a new full-height curtain wall. Shaun Poh, Cushman & Wakefield’s executive director of capital markets, says the sale presents a unique chance for investors and businesses.

“Its freehold status allows for long-term value creation through future redevelopment or enhancement possibilities, as the subject site has yet to maximise its plot ratio of 4.9 per URA Master Plan 2019,” Poh adds.

The EOI exercise will close on June 30 at 3pm.

In addition, 15 Scotts’ floor plates allow for versatility in tenant repositioning to cater to changing demands of consumers. An ancillary café change of use approval was previously supported by relevant authorities. Further, Poh highlights that strata subdivision of commercial developments in Orchard Road is being restricted, making this a rare opportunity.

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