CBRE has announced the sale of three retail units at the coveted Peninsula Plaza at North Bridge Road and Coleman Street. Situated within a 30-storey building which includes a five-storey retail podium, the units have a combined strata area of about 2,207 sq ft and a 999-year lease tenure, as well as access to pedestrian-friendly streets.

Currently fully leased to five tenants, the units feature convenience stores, an apparel retailer, and a bank. Boasting attractive parameters such as high footfall locations near pedestrian crossings, proximity to other nearby malls and destinations, stable rental income, as well as potential capital appreciation, the units are selling for an attractive price of $26.2 million.

Clemence Lee, executive director of Capital Markets, Singapore at CBRE, has expressed his expectations of keen buying interest from local and foreign investors, family offices, and owner occupiers. He said, “The units feature attractive attributes to investors, including their 999-year leasehold tenure, prominent frontages, high footfall locations that are near pedestrian crossings, proximity to other nearby malls and destinations, as well as attractive and stable rental income.”

The EOI exercise for the Peninsula Plaza units will run until July 11, and interested investors can find more details about the property as well as relevant data through EdgeProp’s Landlens analytics tool.

Situated within the heart of Jurong Lake District, JCube Residence is a brand new development that offers excellent connectivity and convenience for its residents. Connected to Jurong East MRT interchange, Westgate, IMM Building and the upcoming Jurong East Integrated Transport Hub via J-Walk, the covered elevated pedestrian network, JCube Residence will be available for sale in the second half of 2023. Details of pricing and units size and number have yet to be disclosed. Live in comfort and convenience at JCube Residence.

Hong Kong holds an edge over Singapore as top business hubs, according to research conducted by CBRE. Singapore’s availability of talent and ample supply of office space are two main advantages it offers which are helping it attract investors. Furthermore, as per CBRE’s survey, Apac real estate investment activity is expected to rise in 2H2023.