FOR IMMEDIATE RELEASE

Portfolio of 6 commercial units within Peninsula Plaza for sale by Expression of Interest (“EOI”)

4th March, 2024

A portfolio of 6 commercial units within Peninsula Plaza is up for sale by Expression of
Interest (“EOI”) with a guide price of S$8.6 to 9.0 million, says the appointed marketing
agent Sakal Real Estate Partners (“Sakal”).

Peninsula Plaza is a 30-storey commercial development comprising shops and offices
located within the heart of the Civic District, diagonally across the City Hall MRT
Interchange. It has a tenure of 999 years with effect from 1829.

The 6 units for sale are located at the second, third and fifth storey of the retail podium,
most of these units are escalator-fronting and enjoy high footfall. They are available
for sale individually as well as on a portfolio, with units ranging between 398 sqft and
1,281 sqft for total strata area of 2,583 sqft. Individual units are priced from S$1.1m
up. The units are all tenanted and not subjected to Goods & Service Tax (GST),
Additional Buyer Stamp Duty (ABSD) and Sellers Stamp Duty (SSD).

“Peninsula Plaza has traditionally been popular with both owner-occupiers as well as
investors and we see more units within the development change hands over the past
several years. We also expect demand from displaced occupiers from the recent
successful commercial collective sales seeking replacement space to continue
operating their businesses. It is also likely that at some point in the future, owners of
Peninsula Plaza will come together to unlock the intrinsic value of the development via
a collective sale.”

The EOI will close on 17 April 2024 (Wednesday) at 3pm.