Parklane Shopping Mall @ 35 Selegie Road
Located at Prime District 9 and One of the Vibrant Commercial Hubs in Singapore
Retail and office space with various units’ size has been put up for sale at Parklane Shopping Mall.
Parklane’s district 9 prime location is a draw to many office owners and investors.
Parklane Shopping Mall is situated on Selegie Road and is on the cultural and arts precinct Bras Basah/Bugis of the city.
The Bencoolen and Rochor stations which is one the Downtown MRT line are just a few minutes away and one can walk up to the mall from the stations.
Dhoby Ghaut MRT that connects the North-south line, North-east Line and the Circle Line and the Bras Basah station which is one the Circle Line are also nearby.
Current tenants include Comics World, McDonald’s apart from a few cyber gaming consoles, a variety of shops at the shopping mall and it has offices at the higher levels.
Parklane Shopping Mall Has Everything What a Commercial Owner Wish for
Surround By 4 MRTS that Boost Huge Human Traffic to the Mall, Close to Large Residential Area and Orchard Road Shopping Belt
Within Popular Tourist Zone in Singapore and Nearby to Many Amenities Including Top Schools and Entertainment Hub
Prime Location District 9
Dhoby Ghaut MRT Nearby
Within Vibrant Commercial Hub
Bars and Restaurants
Top Schools Nearby
Cathay Building Cinema & Mall
The 12 storey Wilkie Edge was sold by CapitaLand Commercial Trust (CCT) to Lian Beng in 2017.
The commercial property was acquired by CCT in 2008 at $182.7 million and CCT rebuilt it and integrate office cum retail cum serviced apartments and top up the lease to 99 years leasehold and it will expire now on the 20/2/2105.
Prior before the sale, CCT achieved a 99% occupancy and gross rental return of 3.39% when they sold to Lian Beng in 2017 at $1,812 psf based on net lettable area of 152, 528 sq ft, $280 million.
Next to Parklane, was formerly known as Paradiz Centre and it was sold to Lendlease and Silverpeak Real Estate Partners which refurbished and rebranded it to PoMo in 2006.
Subsequently, it was again sold in 2011 to CLSA Capital Partners for $255 million.
And it was again sold to BS Capital and Enviro-Hub for $336 million in 2013. And sold again to Gaw Capital Partners in 2017 for $342 million, at $1879 psf for a net lettable area of 182,000 sq ft with a site area of 43,027 sq ft.
Parklane is leasehold from 01/12/1974 and is potential as a total commercial site is attractive to institutions and foreign investors.
Following the steps of PoMo and Wilkie Edge, Parklane owners can eventually come together to sell collectively and this site of 36,636 sq ft can also be creatively sold to transform the building according to the market demand for more offices or for hotel redevelopment subject to the government authority’s approval.
Invest in Parklane now to take advantage of the transformation that is taking place in this cultural and arts precinct Bras Basah/Bugis of the city.
We have 452, 549, 624, 764 sq ft office for sale from $650k and various retail shop units for your consideration.
Wilkie Edge Sold in 2017 to Lian Beng
Selegie Centre Near Parklane Sold En Bloc in 2019
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