Centrepoint (Rear Block) En Bloc Sold To Frasers Property

Major Orchard Road asset consolidation signals next phase of retail transformation in Singapore

In a significant move that could reshape the future of Orchard Road, Frasers Property has successfully secured the collective sale tender for the rear block of The Centrepoint for S$391.9 million.

The deal strengthens the developer’s strategic footprint in Singapore’s most famous shopping belt and signals renewed confidence in the long-term growth of the retail and lifestyle sector.

The acquisition not only consolidates ownership but also opens doors to large-scale rejuvenation plans aligned with national efforts to transform Orchard Road into a dynamic lifestyle destination.

The transaction also highlights strong market interest in prime assets despite evolving retail trends and economic shifts.

The rear block of The Centrepoint, launched for collective sale earlier this year, attracted attention due to its central location and redevelopment potential.

The final tender price came in below the initial guide price, presenting a strategic opportunity for Frasers Property to strengthen control over the site.

👉 Tender price: S$391.9 million
👉 Approximate land rate: S$2,577 per square foot per plot ratio
👉 Guide price during launch: S$418 million
👉 Completed in 1983
👉 Site comprises 132 leasehold strata units
👉 Includes 66 residential and 66 retail units

The price includes lease top-ups and land betterment charges, reflecting current land value adjustments and future redevelopment flexibility.

MCST Plan No. 1304 refers to the Management Corporation Strata Title responsible for overseeing the leasehold rear block of The Centrepoint.

In Singapore, the MCST plays a critical role in strata developments, especially during collective sale exercises.

The management body represents subsidiary proprietors and ensures the collective interests of unit owners are protected.

Its responsibilities include maintaining shared facilities, managing financial and legal matters, and coordinating the en bloc process.

👉 The MCST organised the collective sale and obtained owner consent
👉 It handled negotiations, due diligence, and tender processes
👉 It ensured compliance with legal requirements and transparency
👉 It facilitated communication between owners and developers

For older developments like The Centrepoint, a high level of owner consensus is required before a collective sale can proceed.

The successful outcome highlights strong alignment among stakeholders and reflects confidence in future redevelopment potential.

Frasers Property was already a major stakeholder in The Centrepoint prior to the en bloc transaction.

The group owned more than 52 per cent of the rear block by strata area, positioning it strongly to drive the sale forward.

At the same time, it also holds approximately 96 per cent ownership of the freehold front block.

This unique position allows the developer to create a more integrated and cohesive long-term vision for the entire site.

The acquisition significantly improves planning flexibility and enhances asset optimisation opportunities.

The Centrepoint enjoys a prominent location with strong fundamentals that continue to attract investors and retailers.

👉 Direct link to Somerset MRT station
👉 High pedestrian traffic
👉 Strong retail performance
👉 Approximately 98 per cent occupancy rate

Its main-street frontage and accessibility make it one of the most valuable retail locations in Singapore. With tourism expected to recover and experiential retail becoming more important, the site holds strong long-term appeal.

Frasers Property also fully owns 51 Cuppage Road, a 10-storey office building directly linked to The Centrepoint.

This adjacent asset enhances the developer’s ability to implement a comprehensive redevelopment strategy.

The integrated ownership could enable:

👉 Mixed-use transformation
👉 Lifestyle and experiential retail concepts
👉 Office, hospitality, and entertainment components
👉 Sustainable and smart urban design

Such large-scale projects are aligned with the government’s vision of refreshing Orchard Road as a vibrant, future-ready destination.

With stronger control of the site, Frasers Property now has greater flexibility to explore long-term transformation plans.

The move is widely viewed as a step towards unlocking the full potential of this prime location.

Industry observers believe future redevelopment may include modern retail formats, experiential zones, green spaces, and technology-enabled shopping experiences.

The shift reflects changing consumer behaviour and the need to differentiate physical retail from online platforms.

Continuity for Existing Retail Tenants

Despite the acquisition, operations at The Centrepoint will continue as usual.

The majority of retail units located at the front façade facing Orchard Road were not part of the collective sale.

This ensures:

👉 Business continuity
👉 Stability for tenants
👉 Sustained shopper traffic
👉 Ongoing vibrancy of the mall

Retail continuity also supports brand loyalty while future redevelopment plans are assessed.

The Centrepoint holds a special place in Singapore’s retail history.

In the 1980s and 1990s, it was a youth hotspot where teenagers gathered and formed a strong subculture known as the “Centrepoint Kids”.

The mall also became a popular destination for breakdancers and street fashion communities.

Over the years, it hosted well-known local brands such as Cold Storage and Robinsons, both of which contributed to its legacy.

This heritage value adds emotional appeal and branding potential to any future redevelopment.

The successful collective sale signals renewed confidence in Singapore’s prime retail sector.

Despite the rise of e-commerce, developers continue to invest in experiential, lifestyle-driven retail environments.

The transaction also reflects:

👉 Continued demand for Orchard Road assets
👉 Long-term confidence in tourism and consumer spending
👉 Growing focus on mixed-use and integrated developments

Many industry observers expect more strategic asset consolidation in core districts as developers prepare for the next phase of urban transformation.

📌 Status: Sold

👤 Buyer: Frasers Property

💰 Guide Price: S$418 million

💵 Sale Price: S$391.9 million

📅 Date of Sale: February 26, 2026

🏗️ New Development: To be confirmed (likely mixed-use retail and lifestyle redevelopment aligned with Orchard Road rejuvenation plans)

📜 Tenure: 99-yr Leasehold

📐 Land Size: Approximately 44,700 sq ft

🏢 Total Units: 132 strata units (66 residential + 66 retail)

📊 Gross Plot Ratio: 5.6

📏 Gross Floor Area: Approximately 250,320 sq ft

📍 Address: 176 Orchard Road, Singapore

🚇 Nearby MRT: Somerset MRT (North-South Line)

🏙️ District: District 9

🤝 Marketing Agent: Savills Singapore