The Arcade in Raffles Place to be tendered for $780

Submitted By:  Staff Reporter Case Study:  No The property’s management team says the building needs a revamp. Commercial real estate service Colliers International announced that The Arcade at 11 Collyer Quay in District 1 will be put up for collective sale via tender for $780m, starting 14 November 2019. The reserve price of $780m translates to an estimated land rate of $2,833 per square foot per plot ratio (psf ppr). The property sits on a 2,035.4 square metre site with a 999-year land tenure, having built in April of 1826. read more