Thursday, July 21, 2011

Ming Arcade up for collective sale by tender

SINGAPORE : Ming Arcade, a prime freehold commercial development located off Orchard Road, is up for collective sale by tender.

The redevelopment site is zoned 'commercial' and majority-owned by Ong Beng Seng's property group, Hotel Properties Limited (HPL).

Located at 21 Cuscaden Road, Ming Arcade has a gross plot ratio of 4.2 and an allowable building height of 20 storeys.

It currently has 88 commercial or retail strata units of sizes varying from 140 square feet to 620 square feet.

As the site has an approved gross floor area of 55,046 square feet, no development charge is payable, according to sole marketing agent Jones Lang LaSalle. 


Source : MediaCorp Pte Ltd by Linette Lim

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