For Sale Via Expression of Interest: A Rare Freehold Landmark Suburban Retail Opportunity in Singapore

Singapore – 29 January 2026 – CBRE, as the exclusive marketing agent, is offering for sale Anchorpoint, a freehold suburban retail mall located at 368 & 370 Alexandra Road, Singapore.

Situated at the core of the Alexandra / Queenstown area, Anchorpoint occupies a commanding presence at the high-traffic nexus of Alexandra Road and Queensway with over 150 metres of high-visibility street-level frontage. The asset comprises a total strata area of 110,373 square feet, featuring an efficient layout across two prime retail levels (entire ground floor and basement), alongside an iconic standalone two-storey conservation building. It currently has an existing net lettable area (NLA) of approximately 78,636 square feet and is supported by a basement carpark with 130 lots.

The retail mall is seamlessly integrated into the precinct through a direct connection to The Anchorage – a 775-unit condominium adjacent to it, an overhead bridge linking directly to IKEA across the road, and sheltered bus stop access at its doorstep that provides last-mile connectivity to nearby Queensway and Redhill MRT stations as well as key commercial nodes.

Following a recent comprehensive asset enhancement initiative (AEI) that upgraded its mechanical and electrical (M&E) infrastructure and refreshed interiors, the asset has successfully repositioned its image and elevated its market appeal as a modern F&B and lifestyle destination. Today, it features an attractive and diverse tenant mix such as Cold Storage, McDonald’s, Common Man Coffee Roasters, Mr DIY, Yakun Kaya Toast, Yoga Movement, Snap Fitness 24/7, and Cotton On.


Pictured above: 368 Alexandra Road


Pictured above: 368 and 370 Alexandra Road

Mr Clemence Lee (利伟强), Executive Director of Capital Markets, Singapore at CBRE says, “Anchorpoint is the only singly-held mall of substantial footprint within the Alexandra / Queenstown area. This unique positioning, coupled with its generational name recognition that is synonymous with the precinct, gives it an unrivalled competitive edge over neighbouring strata malls and retail spaces. Leveraging this, the current owner has secured a high-quality tenant base since revamping the mall, building a solid foundation that provides immediate and stable cash flow with momentum for significant rental growth in the future.”

Mr Lee adds, “In recent months, the market is witnessing a surge in demand from astute investors actively acquiring well-located suburban retail assets. This trend is driven by the combination of high yields, strong fundamentals and stable, defensive cash flow these properties deliver. For example, we've seen transactions, including Piccadilly Galleria, Kinex, Bukit Panjang Plaza, and notably The Clementi Mall, which traded at a remarkable S$4,132 per square foot. With further retail transactions anticipated in the coming months, Anchorpoint stands as an exceptionally rare and strategic opportunity. Its superior freehold land tenure, combined with its prime location in one of Singapore’s most dynamic and growing suburban nodes, positions it as a highly coveted asset set to attract significant investor interest.”

The Alexandra / Queenstown area is a mature residential and business hub, characterised by a dense residential population, several educational institutions, and a well-established ecosystem of business parks, light industrial buildings, and the established automotive belt. Recognised as the primary retail and community heart of this multi-catchment market, Anchorpoint enjoys high and steady shopper traffic during both day and night.

The asset is also well-positioned for exponential growth driven by the government’s ongoing rejuvenation initiatives, including several upcoming residential developments and the upgrading of Alexandra Hospital into a major integrated general hospital. This transformation is set to provide a massive boost in catchment density and ensure a steady influx of a younger, more vibrant demographic going forward.

Anchorpoint is offered at a guide price of S$295 million, which translates to approximately S$3,751 per square foot on its existing net lettable area. The sale will be conducted via an Expression of Interest exercise which closes on Tuesday, 10 March 2026, at 3pm.