Cushman & Wakefield has announced the sale of Piccadilly Serangoon, a brand new six-storey commercial building located at 1377 Serangoon Road, Singapore, with an indicative price of $75m. The property is being marketed through an Expression of Interest exercise, with bids closing on 25 April 2025.
Piccadilly Serangoon spans a site area of 5,791 square feet and boasts a total built-up area of approximately 30,300 square feet. The building features shops on the first two floors and offices above, complemented by communal facilities such as a rooftop swimming pool, a pavilion deck, and a barbeque area. It also includes a mechanised parking system with nine spaces. The property is expected to receive its Temporary Occupation Permit in the second or third quarter of 2025.
Strategically positioned between Boon Keng and Potong Pasir MRT stations, the building offers excellent connectivity via the Pan Island Expressway and Central Expressway, with a 15-minute drive to both the Central Business District and Changi Airport. The location also benefits from nearby amenities, including The Venue Shoppes and NEX.
Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, highlighted the property’s potential: “Piccadilly Serangoon offers a unique opportunity for prospective purchasers to acquire a brand new, ready-built building and establish it as their flagship headquarters.” The property is zoned ‘Commercial’, allowing purchase by foreigners and companies without incurring Additional Buyer’s Stamp Duty or Seller’s Stamp Duty.
The area surrounding Piccadilly Serangoon has seen significant revitalisation, with developments like The Arcady at Boon Keng and Jui Residences, and is close to a high-tech industrial cluster and international schools. The building’s prominent location and facade offer branding opportunities for the new owner.
“`
This news story was carefully selected and published by a human editor, though the content itself was AI-generated. If you spot an error, please report it here.
