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Cuppage Terrace Shophouse Cluster Launched for Sale at S$250 Million

The listing invites overseas capital because the deal carries no additional stamp duties.

Overview

  • CBRE opened an expression-of-interest exercise for the 17-unit conservation row beside The Centrepoint, with submissions due Feb 12 at 3pm.
  • The offering comprises about 50,891 sq ft of space on 28,986 sq ft of land, with an 85m frontage along Cuppage Road near Orchard and Somerset MRT stations.
  • The leasehold tenure has roughly 62 years remaining on a 99-year term under commercial zoning in the 2025 Master Plan.
  • Ground-floor units are fully occupied by food-and-beverage operators, including more than 12,000 sq ft of outdoor refreshment areas.
  • A buyer that also secures The Centrepoint, now in a collective sale process at S$418 million, could seek Strategic Development Incentive benefits for a redevelopment proposal.