Savills Singapore, the exclusive marketing agent, is pleased to announce that part of The Centrepoint at 176A Orchard Road has been sold for S$391.9 million via public tender, which closed on 26 February 2026.
The buyer is Frasers Property Singapore, a leading property developer in Singapore. With over 40 years of real estate experience, it has developed over 23,000 quality homes and oversees a portfolio of 12 shopping malls in Singapore and 6 office and business space properties.
The property comprises 132 strata units — including 66 retail and 66 residential units — held under Management Corporation Strata Title Plan No. 1304. It occupies a prime site along Orchard Road with a direct sheltered link to Somerset MRT Station.
The site has a land area of approximately 44,700 sq ft and is zoned “Commercial” under the 2025 Master Plan, with a gross plot ratio of 5.6 and height control of up to 10 storeys. It 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.
The tender price of S$391.9 million translates to a land rate of approximately S$2,577 per square foot per plot ratio (psf ppr), assuming full commercial use, a fresh 99-year tenure and intensification to a plot ratio of 5.6. The Land Betterment Charge associated with the lease top-up and intensification is estimated at approximately S$253.13 million.
Based on the agreed apportionment method, retail and residential owners are expected to receive indicative proceeds ranging from S$0.84 million to S$9.29 million and approximately S$2.65 million to S$7.11 million per unit respectively, subject to final adjustments.
Jeremy Lake, Managing Director, Investment Sales & Capital Markets, Savills Singapore, said: “Orchard Road continues to excite developers and the sale of Centrepoint is our 5th successful collective sale along the Orchard Road belt, bringing our total transaction value in the precinct over the past five years to more than S$2.69 billion. The earlier ones being Tanglin Shopping Centre $868m, Ming Arcade $172m, Delfi Orchard $439m and Concorde Hotel $821m.
In due course, the future redevelopment of these properties will help to transform Orchard Road from a traditional shopping belt into a must visit vibrant and multi-functional lifestyle destination”.
Wee Swee Teow acted for the vendors and Rajah & Tann acted for the buyer in the collective sale.