Pek Chuan Building Lavender Street Collective Sale

? Reserve Price: S$80 million
? Land Rate: S$1,114 per square foot per plot ratio (psf ppr)
? Location: Lavender Street, Kallang
? Building Type: Four-storey commercial building (retail & office)
? Lease Tenure: 99 years, with approximately 56 years remaining

The Pek Chuan Building currently features retail spaces on the first to third floors and office units on the fourth floor.

Its land area of 28,700 square feet (sq ft) positions it as a rare mid-sized commercial redevelopment opportunity within proximity to the Central Business District.

The en bloc site offers strong redevelopment potential with favorable URA parameters. Under the current Master Plan, the plot ratio stands at 2.5, allowing a maximum height of 12 storeys.

Dillon Loi highlighted that this makes it suitable for commercial or hospitality development, particularly given Singapore’s growing demand for hotel accommodations near major event venues.

“Singapore’s rise as a global concert and sports hub will continue to drive hotel demand around the Sports Hub and Kallang area,” Loi noted.

This makes Pek Chuan Building a timely entry point for developers looking to capitalize on the resurgence of the tourism and events sector.

The strategic location of Pek Chuan Building is a major selling point for potential buyers. Nestled along Lavender Street, the site offers seamless access to two MRT stations — Lavender MRT and Bendemeer MRT — ensuring excellent connectivity to key business and lifestyle districts.

? MRT Connectivity:

? Lavender MRT (East-West Line)

? Bendemeer MRT (Downtown Line)

The site also sits close to major expressways and is minutes away from Bugis, City Hall, and Marina Bay, making it ideal for future tenants or hotel guests seeking convenient urban access.

Another appeal of Pek Chuan Building’s location is its proximity to prominent educational and arts institutions, attracting a diverse crowd and steady foot traffic.

? Nearby Institutions:
? Singapore Management University (SMU)
? School of the Arts (SOTA)
? Lasalle College of the Arts
? Nanyang Academy of Fine Arts (NAFA)

In addition, the Lavender–Kallang area has been undergoing rejuvenation, supported by new mixed-use developments and lifestyle destinations, enhancing the site’s long-term investment value.

The Pek Chuan Building collective sale presents a rare opportunity for developers, with the tender opening on October 28 and closing on November 10, and all enquiries managed by Mount Everest Properties.

This prime commercial site, located in Singapore’s city fringe along Lavender Street, stands out in the current en bloc market due to its attractive land rate, flexible redevelopment options, and excellent investment potential for commercial, office, or hospitality projects.

Its strong fundamentals, superb connectivity, and promising growth prospects position Pek Chuan Building as a potential landmark redevelopment in a highly sought-after area.