Club Street commercial land tract for sale at $30 million

A commercial parcel of land at Club Street has been put on the market for sale through the expression of interest (EOI) with the minimum price guide that is $30 million.

SORA Condo floor plan spanning over an area of 191,972 Square Feet (sqft), it boasts a maximum floor area of 403,141 sf.

The site is classified as commercial under the Urban Redevelopment Authority’s (URA) Master Plan and covers an area of 6,929 sq. ft. URA has also granted outline permission for planning (OPP) to be used as an hotel. Since it is an envelope controlled site currently, the OPP permits for the site to develop to a maximum of two stories, with the roof terrace as well as basement.

Loyalle Chin Director of PropNex ShophouseHuat and associate district director at PropNex Realty, says: “With Freehold/999 years commercial property in Singapore being scarcer and this parcel of land in the highly sought-after Club Street is an attractive opportunity for family-owned businesses and developers who want to increase their “land bank” or to purchase for their own use.”

It is situated in the Club Street and Ann Siang Hill Park area It is located near Maxwell MRT Station, Chinatown MRT Station, Tanjong Pagar MRT Station and Telok Ayer MRT Station. It is also located near The Singapore Chinese Weekly Entertainment Club located at the 76th floor of Club Street.

The EOI process for the parcel of land will end on November 1 at 3pm.