Upper Serangoon Shopping Centre, a landmark 1980s strata-titled mixed-use development along Upper Serangoon Road, has been relaunched for collective sale at an unchanged guide price of S$260 million.

This follows earlier attempts to secure a buyer, and the renewed listing comes amid continued interest in city-fringe redevelopment opportunities.

About the Property

The freehold development comprises a mix of retail shops and residential units, offering a unique redevelopment opportunity in a matured and densely populated district.

• Freehold tenure
• Mixed-use retail + residential configuration
• Land area: Approx. 50,000 sq ft
• Prominent road frontage along Upper Serangoon Road

Redevelopment Potential

The site is strategically located near Kovan MRT and major arterial roads, making it suitable for a modern mixed-use redevelopment that could include retail, serviced apartments, or residential units.

Its freehold status and proximity to established amenities make it attractive for developers looking at long-term redevelopment margins.

Market Conditions

The unchanged S$260 million guide price reflects confidence that the asset retains strong redevelopment fundamentals despite a cautious en bloc market.

Developers remain selective but continue to show interest in freehold sites with strong frontage and transport connectivity.

Who Should Take a Closer Look?

• Mid-sized to large residential developers
• Mixed-use or retail-focused developers
• Funds looking for value-add redevelopment plays
• Joint-venture partners targeting long-term freehold assets