The property will be sold via public tender.
Savills Singapore has announced the sale of Concorde Hotel & Shopping Centre at 100 Orchard Road, with a guide price of S$820 million, or approximately S$1,801 per plot ratio .
The site includes a three-storey retail podium with around 108,510 square feet of strata area, and a hotel offering views of Istana Park, with 407 rooms spanning levels 4 to 9. The site is also easily accessible, being just a three-minute walk from both Dhoby Ghaut and Somerset MRT stations, which provide direct links to the Central Business District and Marina Bay. A future underground pedestrian walkway to Somerset MRT station will improve accessibility and increase foot traffic in the area.
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