Knight Frank Singapore and CBRE have announced the relaunch of Piccadilly Galleria’s ground-floor retail podium for sale via an Expression of Interest (EOI) exercise, commencing on 27 May 2025 and closing on 22 July 2025. Situated in the Farrer Park precinct, the development is part of the fully sold Piccadilly Grand residential project and offers direct access to Farrer Park MRT station.
The retail podium comprises 15 units, including one childcare centre, four retail units, and ten F&B units. The F&B units boast prominent street frontage along Gloucester Road, whilst the childcare and retail units feature a 150-metre frontage along Race Course Road. The development benefits from a dedicated commercial drop-off point on Northumberland Road.
The area is set to see increased demand with the completion of approximately 1,800 HDB flats by 2028, as part of the Urban Redevelopment Authority’s rejuvenation plans for the Farrer Park Field. These plans include new sports and recreational facilities, enhancing the precinct’s appeal as a vibrant live-work-play hub.
Leasing plans are underway, targeting a mix of F&B, services, and daily essentials. The childcare centre, occupying 27% of the podium’s net lettable area, has already secured a tenant. The guide price for the property is $67.5m, reflecting approximately $3,350 per square foot.
Melvin Chay of Knight Frank noted the area’s enhanced vibrancy due to recent developments, whilst Clemence Lee of CBRE highlighted the strong interest from diverse buyers during the initial marketing campaign. The relaunch aims to attract investors seeking stable income and long-term value.
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