Centrium Square |
Centrium Square (FH Commercial) @ Farrer Park
Developed by Tong Eng Former Serangoon Plaza En-bloc Showflat Opens 16 Feb 2016! |
Strata Titled, Freehold Office @ Little India
Centrium Square is located at 302 Serangoon Road in District 8, within 1 minute walk to Farrer Park MRT.
Expected to be ready for move-in and business operations by 2021, the rare freehold, central Singapore, commercial new launch by Tong Eng Group comprises of
143 strata titled office units, 39 medical suites and 49 retail shops.
The new distinctive 19-storey premium office tower is 115m wide
with highly visible frontage facing Serangoon Road. All office units are 4.9m high ceiling,
fitted with individual toilet and a/c ledges to install own aircon units
for usage beyond normal office hours.
Expected to be ready for move-in and business operations by 2021, the rare freehold, central Singapore, commercial new launch by Tong Eng Group comprises of
143 strata titled office units, 39 medical suites and 49 retail shops.
The new distinctive 19-storey premium office tower is 115m wide
with highly visible frontage facing Serangoon Road. All office units are 4.9m high ceiling,
fitted with individual toilet and a/c ledges to install own aircon units
for usage beyond normal office hours.
Centrium Square (Commercial)
VVIP Preview Launch Timeline
Pending approval of sales
Showflat / Showroom Opening |
16 Feb 2016 |
Official Launch |
25 Feb 2016 |
Centrium Square Indicative Price (psf)
Unit Size Available sqm / sqft
Project Specifications
Factsheet
New Launch Brochure, Showflat / Showroom
Project Name |
Centrium Square |
Developer |
Feature Development Pte Ltd (A unit of Tong Eng Group) |
Tenure |
Freehold (FH) |
Address |
320 Serangoon Road |
District |
8 |
Unit Mix |
Value |
Total Units |
143 Office Units, 39 Medical Suites, 49 Retail Shops |
No. of Blocks/ Levels |
19-storey Commercial Development (14-storey office tower with a mix of Offices, Medical Suites & 5-storey Podium of Retail, Carpark & Sky Terrace) |
Carpark Lots |
Podium Parking (3rd to 5th storey) 124 + 4 handicapped lots Season Parking MCST to advise |
Expected TOP Date |
31 December 2021 (Ready for move-in) |
Site Area |
68,521 sqft / 6,365.8 sqm |
Plot Ratio |
3 |
Architect |
DP Architects Pte Ltd |
Landscape Consultant |
DP Green Pte Ltd |
Project I.D. |
Value |
Builder / Main Contractor |
Value |
M&E Consultant |
DP Engineers Pte Ltd |
Structural Consultant |
DP Engineers Pte Ltd |
Quantity Surveyor |
Value |
Conveyance Solicitor |
Rodyk & Davidson |
Centrium Square Location Map
Serangoon Road / Farrer Park MRT / Mustafa
In the middle of a rich heritage and cultural enclave, set amidst new and dynamic developments of the future.
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Serangoon Plaza is a short distance to Serangoon Road, Kitchener Road, Rangoon Road, Race Course Road, Jalan Besar. Near to CBD, Marina Bay, Kallang, Jalan Sultan, Dhoby Ghaut, Orchard, Bugis, Novena
Amenities near Serangoon Plaza (enbloc)
Serangoon Plaza is within reasonable distance to Sheng Siong and Cold Storage Supermarkets. It is also close to Mustafa Centre, Owen Link@Connexion, Little India Arcade, Sim Lim Tower, The Verge, Sim Lim Square and Albert Complex, Syed Alwi Road and Allenby Road, for an array of amenities and eateries such as grocery and retail shopping, banks and more.
Amenities near Serangoon Plaza (enbloc)
Serangoon Plaza is within reasonable distance to Sheng Siong and Cold Storage Supermarkets. It is also close to Mustafa Centre, Owen Link@Connexion, Little India Arcade, Sim Lim Tower, The Verge, Sim Lim Square and Albert Complex, Syed Alwi Road and Allenby Road, for an array of amenities and eateries such as grocery and retail shopping, banks and more.
Centrium Square Site Plan
Facilities, Design
Pending developer's release and authorities' approval
Centrium Square Brochure
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Floor PlanCommercial Office Units |
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9th - 19th Storeys
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Floor Plan |
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Shops
Centrium Square Retail Shops
1st Floor
Pending developer's release and authorities' approval
1st Floor
Pending developer's release and authorities' approval
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Floor Plan |
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F&B Retail
Basement
Pending developer's release and authorities' approval
Pending developer's release and authorities' approval
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Floor Plans |
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Medical Suite
Centrium Square Medical Suites
Pending developer's release and authorities' approval
Pending developer's release and authorities' approval
Centrium Square Gallery
Artist Impressions
Pending developer's release and authorities' approval
Centrium Square Developer
Media News
Nov 6, 2013
$400m Serangoon Plaza sold en bloc
Serangoon Plaza, which houses a branch of well-known retail giant Mustafa, has been sold en bloc in a deal that values the commercial complex at $400 million.
This makes it technically the largest collective sale of a commercial property on record, and the biggest en bloc deal since Westwood Apartments was sold for $435 million in November 2007.
But in fact, less than 10 per cent of the building will change hands. This is because the company that owns over 90 per cent of the building has simply bought out the rest of the owners.
Feature Development, an associate of the Tong Eng property development group, had agreed to put up its share of Serangoon Plaza for sale, along with the other owners of the building's 128 strata office and retail units.
Savills Singapore brokered the sale and set an indicative price of $360 million to $368 million for the entire five-storey freehold building.
But Feature Development decided to throw its hat in the ring for the complex as well. It withdrew its representatives from the sellers' committee and put in a tender offer at arm's length, said Savills Singapore's investment sales director Suzie Mok.
The tender closed last Thursday. Feature's offer, which works out to $1,946 per sq ft of maximum floor area, came in tops.
"Commercial property is currently the most vibrant (real estate) segment here, so Feature had to put in a strong bid," Ms Mok said, adding that it was "a clear-cut winner".
She noted that all the unit owners agreed to the building's sale, so the deal will not need the Strata Titles Board's approval.
Serangoon Plaza was built in the 1960s as President Shopping Centre and bought by Feature in 1984. Feature then sold a few units but retained more than 90 per cent of the building's space.
The firm is related to Tong Eng, which developed residential projects including Poshgrove East in East Coast Road and Treasure Place in Buona Vista.
Feature will not have to pay a development charge to redevelop Serangoon Plaza, which is under-utilising its space allowance. It sits on a 68,521 sq ft plot that can host a development with up to 205,563 sq ft of floor space. The complex's floor area now is only 104,765 sq ft.
The transaction caps a good year for collective sales of non- residential property. At least four other commercial and industrial buildings have been sold since January. They are: San Centre at Chin Swee Road, Bright Chambers in Bugis, and Henley Industrial Building and Pak Chong Building off Upper Paya Lebar Road.
http://business.asiaone.com/
$400m Serangoon Plaza sold en bloc
Serangoon Plaza, which houses a branch of well-known retail giant Mustafa, has been sold en bloc in a deal that values the commercial complex at $400 million.
This makes it technically the largest collective sale of a commercial property on record, and the biggest en bloc deal since Westwood Apartments was sold for $435 million in November 2007.
But in fact, less than 10 per cent of the building will change hands. This is because the company that owns over 90 per cent of the building has simply bought out the rest of the owners.
Feature Development, an associate of the Tong Eng property development group, had agreed to put up its share of Serangoon Plaza for sale, along with the other owners of the building's 128 strata office and retail units.
Savills Singapore brokered the sale and set an indicative price of $360 million to $368 million for the entire five-storey freehold building.
But Feature Development decided to throw its hat in the ring for the complex as well. It withdrew its representatives from the sellers' committee and put in a tender offer at arm's length, said Savills Singapore's investment sales director Suzie Mok.
The tender closed last Thursday. Feature's offer, which works out to $1,946 per sq ft of maximum floor area, came in tops.
"Commercial property is currently the most vibrant (real estate) segment here, so Feature had to put in a strong bid," Ms Mok said, adding that it was "a clear-cut winner".
She noted that all the unit owners agreed to the building's sale, so the deal will not need the Strata Titles Board's approval.
Serangoon Plaza was built in the 1960s as President Shopping Centre and bought by Feature in 1984. Feature then sold a few units but retained more than 90 per cent of the building's space.
The firm is related to Tong Eng, which developed residential projects including Poshgrove East in East Coast Road and Treasure Place in Buona Vista.
Feature will not have to pay a development charge to redevelop Serangoon Plaza, which is under-utilising its space allowance. It sits on a 68,521 sq ft plot that can host a development with up to 205,563 sq ft of floor space. The complex's floor area now is only 104,765 sq ft.
The transaction caps a good year for collective sales of non- residential property. At least four other commercial and industrial buildings have been sold since January. They are: San Centre at Chin Swee Road, Bright Chambers in Bugis, and Henley Industrial Building and Pak Chong Building off Upper Paya Lebar Road.
http://business.asiaone.com/
Nov 4, 2013
Collective Sale of 320 Serangoon Road - Sold to Feature Development for S$400 Million
Savills announces today the sale of Serangoon Plaza for S$400 million representing a unit land rate of S$1,946psf ppr with no development charge payable to Feature Development Pte Ltd, an associate company of the Tong Eng Group of Companies.
“Serangoon Plaza, with its excellent site attributes, offers an attractive redevelopment opportunity in the Farrer Park precinct. This is probably the last key pocket available to create an iconic commercial landmark. This locale is in the midst of major transformation and rejuvenation sparked by the opening of Farrer Park MRT station and City Square Mall. The completion of Connexion and Farrer Square/300-room Park Hotel Farrer Park in the near future will certainly add new buzz and vibrancy.” said Suzie Mok, Senior Director of Investment Sales at Savills Singapore, who brokered the deal.
Steven Ming, Deputy Managing Director of Savills Singapore, commented “With a price tag of S$400 million, this represents the largest single commercial collective sale on record to-date and possibly the biggest collective sale since the last property cycle when Savills sold Westwood Apartments in November 2007 for a reported S$435 million.”
Serangoon Plaza is sited in a city fringe location with a distinctive cultural and rich heritage identity. Prominently set at a busy traffic corner with double street frontage onto Serangoon Road and Syed Alwi Road, it enjoys high volumes of passing foot traffic. Built in the mid 60s, (then known as President Shopping Centre), the 5-storey complex comprises 128 units of strata retail and office space totalling 9,733 sm（104,765 sq.ft.）occupying a freehold land of 6,365.8 sm ( 68,521 sq.ft.).
The site is conveniently located and enjoys excellent connectivity to the MRT stations, major expressways as well as amenities. It is approximately 110 m from the nearest exit/entrance of Farrer Park MRT Station on the North East Line and a short stroll to the upcoming Jalan Besar MRT station on the Down Town Line Stage 3.
Subject to confirmation by the relevant authorities, the near regular freehold plot can potentially be redeveloped to accommodate a full commercial development with a gross floor area of 205,563 sq.ft. at the allowable plot ratio of 3.0 under the Master Plan 2008. In view of its high development baseline, the subject plot does not attract any development charge.
The sale is not subjected to Strata Titles Board approval as there is 100% consent mandate.
http://www.savills.com.sg/
Collective Sale of 320 Serangoon Road - Sold to Feature Development for S$400 Million
Savills announces today the sale of Serangoon Plaza for S$400 million representing a unit land rate of S$1,946psf ppr with no development charge payable to Feature Development Pte Ltd, an associate company of the Tong Eng Group of Companies.
“Serangoon Plaza, with its excellent site attributes, offers an attractive redevelopment opportunity in the Farrer Park precinct. This is probably the last key pocket available to create an iconic commercial landmark. This locale is in the midst of major transformation and rejuvenation sparked by the opening of Farrer Park MRT station and City Square Mall. The completion of Connexion and Farrer Square/300-room Park Hotel Farrer Park in the near future will certainly add new buzz and vibrancy.” said Suzie Mok, Senior Director of Investment Sales at Savills Singapore, who brokered the deal.
Steven Ming, Deputy Managing Director of Savills Singapore, commented “With a price tag of S$400 million, this represents the largest single commercial collective sale on record to-date and possibly the biggest collective sale since the last property cycle when Savills sold Westwood Apartments in November 2007 for a reported S$435 million.”
Serangoon Plaza is sited in a city fringe location with a distinctive cultural and rich heritage identity. Prominently set at a busy traffic corner with double street frontage onto Serangoon Road and Syed Alwi Road, it enjoys high volumes of passing foot traffic. Built in the mid 60s, (then known as President Shopping Centre), the 5-storey complex comprises 128 units of strata retail and office space totalling 9,733 sm（104,765 sq.ft.）occupying a freehold land of 6,365.8 sm ( 68,521 sq.ft.).
The site is conveniently located and enjoys excellent connectivity to the MRT stations, major expressways as well as amenities. It is approximately 110 m from the nearest exit/entrance of Farrer Park MRT Station on the North East Line and a short stroll to the upcoming Jalan Besar MRT station on the Down Town Line Stage 3.
Subject to confirmation by the relevant authorities, the near regular freehold plot can potentially be redeveloped to accommodate a full commercial development with a gross floor area of 205,563 sq.ft. at the allowable plot ratio of 3.0 under the Master Plan 2008. In view of its high development baseline, the subject plot does not attract any development charge.
The sale is not subjected to Strata Titles Board approval as there is 100% consent mandate.
http://www.savills.com.sg/
Centrium Square (Serangoon Plaza enbloc)
For more information on Tong Eng Brothers Centrium Square Singapore,
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Pending approval of sales
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