CBRE has announced the sale of Anchorpoint, a prominent freehold suburban retail mall located at 368 & 370 Alexandra Road, Singapore. The mall, which boasts a total strata area of 110,373 square feet, is being offered at a guide price of $215 million (S$295 million), translating to approximately $2,735 (S$3,751) per square foot on its existing net lettable area. The sale will be conducted via an Expression of Interest exercise, closing on 10 March 2026.
Anchorpoint is strategically positioned in the bustling Alexandra/Queenstown area, featuring over 150 metres of high-visibility street-level frontage. The mall includes two prime retail levels and a standalone two-storey conservation building, with a net lettable area of approximately 78,636 square feet. It is well-connected to the surrounding area, with direct links to The Anchorage condominium, an overhead bridge to IKEA, and nearby MRT stations.
Following a recent asset enhancement initiative, Anchorpoint has been repositioned as a modern F&B and lifestyle destination, attracting tenants such as Cold Storage, McDonald’s, and Yoga Movement. Clemence Lee, Executive Director of Capital Markets at CBRE, highlighted the mall’s unique positioning and generational name recognition, stating it provides “an unrivalled competitive edge over neighbouring strata malls.”
The Alexandra/Queenstown area is undergoing significant development, including new residential projects and the expansion of Alexandra Hospital. These initiatives are expected to increase the area’s catchment density, attracting a younger demographic and boosting Anchorpoint’s growth potential.
