Date:30 September 2010

For Sale by Tender - 55 Changi Road

Singapore: Sole marketing agent Knight Frank has put up for sale by tender a freehold commercial redevelopment site along Changi Road.

No. 55 Changi Road is the site of the former Singapura Theatre. It sits on a land area of 1,811.3 sq m (approximately 19,497 sq ft) and is regular in shape. Under the 2008 Master Plan, the land is zoned for commercial use at a plot ratio of 3.0.

The land is adjacent to the future Paya Lebar Central, a commercial hub to be developed outside the city centre as part of the Urban and Redevelopment Authority’s decentralisation strategy to provide alternatives for businesses and jobs closer to homes. The recently opened Paya Lebar MRT Station (Circle Line) and the Eunos MRT Station (East-West Line) are close by.
The asking price is $45m and this translates to a land price of $769 per sq ft (psf) on the potential gross floor area of approximately 58,490 sq ft. No development charge is payable.

The tender will close on 11 November 2010 at 3.00pm.
For further information, please contact:
Name: Mr Ian Loh
Designation: Senior Manager, Investment
Knight Frank Pte Ltd
DID: 6228 6823
HP: 9687 0170