The guide price of $418 million translates to $2,709 psf ppr, after factoring in a land betterment charge of $260 million to top up the lease to a fresh 99 years and intensify the site to a plot ratio of 5.6. The property was opened in 1983.
The leasehold portion of The Centrepoint along Orchard Road is up for collective sale, with a guide price of $418 million.
Besides the mall, which Centrepoint is better known for, there is a residential component of 66 apartments.
