Savills Singapore, as the exclusive marketing agent, is pleased to announce the public tender launch of the partial plot at The Centrepoint, located at 176A Orchard Road.
The offering comprises 132 leasehold strata units under Management Corporation Strata Title Plan No. 1304 (the “Property”), including 66 retail units and 66 residential units. It presents a rare opportunity for investors to acquire a strategically located Orchard Road development with a prestigious address along Singapore’s most iconic shopping belt. This collective sale covers only the strata units under MCST 1304. The remaining 151 retail units at The Centrepoint under MCST 1298 are not part of this tender.
The Property has a 99-year leasehold tenure with a remaining balance of approximately 52 years and a site area of about 44,700 square feet. Under the 2025 Master Plan, the site is zoned “Commercial” with a gross plot ratio of 5.6 and height control of up to 10 storeys.
According to the Singapore Land Authority, the Property has a verified development baseline of approximately 171,482 sq ft, equivalent to a plot ratio of 3.83, and a maximum allowable Gross Floor Area of approximately 250,320 sq ft.
Situated in the heart of Orchard Road, the Property enjoys excellent visibility and accessibility, benefiting from direct access to the Somerset MRT station and proximity to major retail and lifestyle landmarks. It also has convenient access to the Central Business District (CBD), Marina Bay, and other parts of Singapore via major arterial roads and expressways.
Jeremy Lake, Managing Director, Investment Sales & Capital Markets, Savills Singapore, said: “Developers have been bidding aggressively for GLS sites and some of these will be keen to buy a part of The Centrepoint. For this reason, we are confident we can exceed the guide price of $418 million, which equates to $2,709 per square foot per plot ratio, after factoring in the Land Betterment Charge of $260 million for topping up the lease to a fresh 99 years and intensifying the total gross floor area to Plot Ratio 5.6. With its direct link to Somerset MRT station, excellent accessibility, and location in the heart of Orchard Road, the property offers developers a chance to develop a landmark property with an internationally recognised address.”
He added: “Savills has successfully brokered several major collective sales along Orchard Road, including Concorde Hotel & Shopping Mall (S$821M / $1,804 psf ppr), Delfi Orchard (S$439M / S$3,346 psf ppr), Tanglin Shopping Centre (S$868M / S$2,769 psf ppr) and Ming Arcade (S$172M / S$3,125 psf ppr). The Centrepoint continues this strong track record and further reinforces the appeal of Orchard Road among institutional and private developers.”
There are no restrictions on foreign ownership. The public tender will launch on Wednesday, 7 January 2026 and close on Thursday, 26 February 2026 at 3pm.