Savills Singapore, as the exclusive marketing agent, is pleased to launch Ming Arcade at 21 Cuscaden Road for sale by public tender.

Located 50 metres away from Orchard Road – the world-renowned shopping, entertainment, business and residential precinct in Singapore, this prized site sits on a regular freehold plot of approximately 1,127.1 sq m / 12,132 sq ft. The plot is zoned ‘’Commercial’’ under the 2019 Master Plan and has a height control of up to 20-storeys.

Completed in 1982 by Ming Arcade Pte Ltd, a subsidiary of People’s Park Development Ltd owned by the late Ho Kok Cheong, Ming Arcade, designed by Tay Kheng Soon and Chung Meng Ker, was awarded the Singapore Institute of Architects Design Merit Award in 1983.

One of the main attractions of Ming Arcade was none other than the Rainbow Lounge, the first theatre-disco lounge and music venue in Singapore set up by doctor, poet and award-winning writer Goh Poh Seng. Rainbow Lounge was located in basement three of the shopping mall. During its 5 years of operations, it brought in famous bands from around the world to perform, and also provided a platform for up-and-coming local bands. 

Ming Arcade is a 7-storey commercial complex with 3 basement levels. It has 88 units and an existing verified development baseline of 5,113.9 sq m / 55,046 sq ft, equivalent to Plot Ratio 4.54.

Nestled within Singapore’s most prestigious enclave, the property is , surrounded by luxury hotels and residential developments, such as the upcoming Artyzen Hotel, The Edition Hotel, Boulevard 88, Four Seasons Hotel and Four Seasons Park and St. Regis Hotel & Residences.

The property is well served by the public transport network and offers unrivalled access to the Central Business District and Marina Bay. Orchard MRT station on the North-South Line and the upcoming Orchard Boulevard MRT on the Thomson-East Coast Line are a mere 5 minutes’ walk away.

Purchasers can explore the flexibility to redevelop or undergo asset enhancement initiative (AEI) works on this regularly shaped site into a new upscale development comprising luxury hotel, retail, office and residential spaces. 

Jeremy Lake, Managing Director, Investment Sales & Capital Markets, said: “The successful collective sale of Tanglin Shopping Centre ($868M) brokered by Savills in February 2022 is a testament to the strong attributes of the Orchard locale. Being a freehold commercial site, Ming Arcade is an exceptionally rare opportunity for developers who are looking to acquire a prime development in the most desired location in Singapore.  We are very confident that Ming Arcade will be sold for more than $140M which works out to approx. $2542 per square foot per plot ratio. The lump sum is very palatable and we expect very strong interest from Asian UHNW buyers and Family Offices”

Currently the only commercial site available in Orchard, Ming Arcade is a compelling opportunity for multiple development options. While the zoning is commercial, hotel and or residential use may be possible subject to approval by the URA. The “Commercial” zoning means there is no Additional Buyers’ Stamp Duty payable by the successful bidder.

“Being a freehold commercial site, Ming Aracde is truly a unique opportunity for local and international developers. The buyer will have the flexibility and ability to curate an iconic mixed-used development in the most prime street in Singapore.” Mr Lake shared.

The tender closes on Thursday, 15 December 2022, at 3pm.

To request a copy of the Information Memorandum please contact the marketing agent, Jeremy Lake Savills Managing Director Investment Sales & Capital Markets via the contact details below. 

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