Cushman & Wakefield (“C&W”), the exclusive marketing agent, is pleased to present for sale a freehold, brand new 6-storey commercial building, Piccadilly Serangoon, located at 1377 Serangoon Road (the “Property”) via an Expression of Interest exercise. The indicative price is $75 million.
Sitting on a site area of 5,791 square feet with a total built-up area of approximately 30,300 square feet, Piccadilly Serangoon is a six-storey commercial building, with shops on the first and second floors and offices above. Designed with wellness and community in mind, the Property includes lush greenery and communal facilities such as a rooftop swimming pool, a pavilion deck and a barbeque area. It also boasts a mechanised parking system that accommodates a total of 9 parking spaces. Piccadilly Serangoon is expected to receive its Temporary Occupation Permit (TOP) in 2Q or 3Q 2025.
The Property is conveniently located between Boon Keng MRT station and Potong Pasir MRT station, and it enjoys a myriad of amenities in the vicinity, such as The Venue Shoppes, The Poiz Centre, The Woodleigh Mall, and NEX. It offers excellent accessibility via the Pan Island Expressway (PIE) and Central Expressway (CTE). Located just at the entrance to the expressways, Piccadilly Serangoon is a mere 15-minute drive to both the Central Business District and Singapore Changi Airport.
With its prominent location along the main thoroughfare of Serangoon Road and over 65 feet (approximately 20 metres) of side wall facade, the building presents branding opportunities and naming rights for the incoming purchaser. Zoned ‘Commercial’, the property is available for purchase by foreigners and companies without incurring Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD).
The area has seen revitalisation with the developments such as The Arcady at Boon Keng (formerly EuroAsia Apartments) and Jui Residences (formerly National Aerated Water Building). It is also close to a hightech industrial cluster that includes SP Group, Infineon, Qualcomm Building, and Mapletree Hi-Tech Park @ Kallang Way, as well as international schools like Nexus International School (Singapore), James Cook University, and Stamford American International School.
According to Mr. Shaun Poh External Link, Executive Director of Capital Markets at Cushman & Wakefield, “Piccadilly Serangoon offers a unique opportunity for prospective purchasers to acquire a brand new, ready-built building and establish it as their flagship headquarters. Additionally, the Property has the potential to strata subdivide.”
Mr. Poh adds, “With its convenient location, it may also appeal to owner-occupiers or investors looking to curate a lifestyle destination or wellness asset that combines co-working and/or co-living spaces, or even post-partum confinement services, subject to authorities’ approval.”
Interested parties are invited to submit their bids to C&W by 25 April 2025 (Friday), 3.00 p.m.
