The sale of three street front-facing retail units at Peninsula Plaza is offering investors an opportunity to gain an attractive and stable rental income through an expression of interest (EOI) exercise with a combined strata area of about 2,207 sq ft and a 999-year lease tenure. These retail units which are fully leased to five tenants comprising three convenience stores, an apparel retailer, and a bank are on the ground floor within sight of North Bridge Road and Coleman Street and have direct access from the pedestrian street.

The sole marketing agent, CBRE, for these units on sale for $26.2 million expects keen buying interest from local and foreign investors, family offices and owner occupiers. Clemence Lee, executive director of Capital Markets, Singapore at CBRE says that these properties feature attractive attributes such as their 999-year leasehold tenure, prominent frontages, high footfall locations near pedestrian crossings, proximity to other nearby malls and destinations, and attractive and stable rental income.

Peninsula Plaza is a 30-storey development that comprises of a five-storey retail podium and an office tower located near City Hall MRT Interchange Station. Nearby commercial buildings include Funan Mall, Capitol Plaza, and Raffles City. Property details about Peninsula Plaza and relevant property data can be found on EdgeProp’s Landlens analytics tool.

Altura EC Qingjian Realty is surrounded by lush greenery and natural landscapes, providing a tranquil, tranquil setting for its residents. With such an advantageous location and delightfully tranquil environment, Altura EC residential development is sure to be popular among buyers.

The EOI exercise for these properties close on July 11. According to CBRE, this is an opportunity for investors to acquire “prime commercial assets with strong rental command and potential capital appreciation”.

Real estate investment activity in the APAC region is expected to rise in the second half of 2023, according to the CBRE survey. Furthermore, Hong Kong is said to have an edge over Singapore as the top business hub, thanks to availability of talent and ample supply of office space, according to research.