2 Dental Clinics and a Corner HDB Shophouse Unit For Sale Via Expression Of Interest

Singapore, 25 March 2025 – CBRE, as the exclusive marketing agent, is offering for sale a portfolio of three strata retail units across Orchard, Marine Parade, and Bukit Merah. The sale will be conducted via an Expression of Interest exercise which closes on Wednesday, 30 April 2025, at 3pm. The assets can be bought individually or collectively.

Each of the strata retail units for sale are strategically located in established retail destinations and enjoy prominent frontages with excellent visibility and high footfall.

The first opportunity is a rarely available freehold unit in Midpoint Orchard, which sits in the heart of Somerset along Singapore’s renowned Orchard Road shopping belt – a bustling retail and lifestyle haven that is popular with both locals and tourists. Midpoint Orchard offers exceptional connectivity, with a bus stop situated directly in front of the building, served by multiple bus routes. In addition, Somerset MRT station is located just across the street. The subject unit for sale has a strata area of approximately 1,055 square feet and is favourably positioned on level two, directly in front of the escalator serving the development. It is currently tenanted to a dental clinic.



The second opportunity is a unit in Parkway Parade, a 22-storey commercial development that comprises of an office tower and a 7-storey retail mall. Widely- recognised as the choice shopping mall in the East Coast area, it benefits from a huge and robust retail catchment that consistently drives footfall to the mall. This was further boosted by the recent opening of the Marine Parade MRT station on the Thomson-East Coast Line (TEL) in front of Parkway Parade, which has significantly improved accessibility. The subject unit for sale has a strata area of approximately 657 square feet and is situated on level 5, within an area that is dedicated as a medical centre. It is currently also tenanted to a dental clinic. Although strata-titled, investment opportunities within the retail mall of Parkway Parade are extremely hard to come by given that they are very tightly held and more than 77% of the strata retail lots are held by a majority owner, Parkway Parade Partnership.



The last opportunity is a Housing Development Board (HDB) shop unit at 163 Bukit Merah Central, in the heart of Bukit Merah Town Centre. Home to several key amenities including a food centre, polyclinic, supermarket, HDB branch office, and a diverse mix of retail shops and services, Bukit Merah Town Centre is the main commercial area serving residents living within Bukit Merah as well as the workforce at nearby office and industrial developments. Situated on the third floor just above the food centre, the subject property has a strata area of 840 square feet and is a corner unit with dual frontage. It will be sold with vacant possession and would be suitable for a wide range of users such as clinics, pet related shops, commercial schools, and fitness studios amongst others.



Mr Clemence Lee (利伟强), Executive Director of Capital Markets, Singapore at CBRE says, “The portfolio of three assets present a compelling proposition for investors and end-users alike, characterised by their exceptional attributes including superior locations with high footfall, prominent frontages, and efficient layouts, amongst others. The units at Midpoint Orchard and Parkway Parade offers a strong tenant covenant with attractive income, while the one in Bukit Merah offers an ideal operational space for businesses seeking a strategic presence in that area.”

Salient details and guide price of each asset are tabled below:

S/N	Asset	Tenure	Strata Area (sq ft)	Occupancy	Guide Price
1	220 Orchard Road, #02-12 Midpoint Orchard	Freehold	1,055	Fully tenanted	$4.8 million ($4,550 psf)
2	80 Marine Parade Road, #05-02 Parkway Parade	99 years from 1979	657	Fully tenanted	$2.2 million ($3,349 psf)
3	Blk 163 Bukit Merah Central, #03-3599	83 years from 1996	840	To be sold vacant	$1.3 million ($1,548 psf)

As full commercial properties, foreigners and companies are eligible to purchase all three assets and there will be no Additional Buyer's Stamp Duty (ABSD) or Seller's Stamp Duty (SSD) applicable on the transactions.