A store at Peninsula Plaza is for sale. The people selling it think it is worth about $7.95 million. They say this is a chance to own a store that faces the street in the City Hall area.
Peninsula Plaza is at 111 North Bridge Road in District 6. This building is well known because it has a lot of different things inside like stores and offices and places to eat. It is in a spot because it is close to City Hall MRT station and a lot of people walk by every day. These people are office workers and tourists and shoppers who are going to Suntec and Marina Square.
The people selling the store say it is on the ground floor. You can see it from the street. Stores like this, at Peninsula Plaza do not come up for sale often because the owners like to keep them and rent them out. Peninsula Plaza has a lot of kinds of stores and offices inside like stores that sell electronics and travel agencies and clinics and restaurants. This means that there are always people coming and going throughout the week to visit Peninsula Plaza.
Why Investors Are Watching This Unit
What makes this listing stand out is the catchment. On weekdays, you have the office crowd from Suntec, One Raffles Place, and the civic district. On weekends, it pulls in tourists staying around City Hall and families heading to Marina Square and Esplanade. So unlike some CBD malls that go quiet after 6pm, Peninsula Plaza stays active till late.
The unit is being sold with flexibility on tenancy, which gives buyers options. An investor can keep the rental income running, while an owner-occupier can take over the shop for their own business. That kind of option is not common for prime retail at this price point in District 6.
Peninsula Plaza itself is a 99-year leasehold development from the 1970s, but it has been well-maintained and has gone through upgrading works over the years. Despite its age, it remains relevant because of its location and its reputation as a go-to place for cameras, travel gear, and specialty services.
Market watchers say the $7.95 million price tag works out to be quite reasonable for a City Hall retail asset, especially when you compare it to newer malls where prices are much higher and you don’t even get full strata title. At this quantum, below $10 million, it opens up to a wider pool of buyers including family offices and private investors.
Agents on the ground say demand for small to mid-sized strata retail in the CBD has picked up again. With office occupancy back and tourism recovering, people are looking for shops that can generate steady yield without the heavy price tag of Orchard Road. Given how rarely ground floor units here change hands, interest is expected to be strong in the coming weeks.
