Savills Singapore, as the exclusive sole marketing agent, is delighted to offer a unique portfolio of freehold strata retail units in Lucky Plaza for sale. This exceptional portfolio includes a rare food court offering situated within the building.
Lucky Plaza is a renowned integrated mixed-use development strategically located in the heart of Orchard Road - Singapore’s premier shopping and tourism belt. Comprising a residential tower and a 6-storey mall with a basement, Lucky Plaza is well established as a vibrant retail hub known for its high footfall, diverse tenant mix, and strong consumer appeal. The property is directly linked to major transportation nodes, enjoying direct underground sheltered access to Orchard MRT station (North-South & Thomson-East Coast lines), with multiple bus routes serving the area, and is easily accessible via major expressways.
The portfolio comprises 14 retail units spread across Basement 1, Levels 1, and 2, with sizes ranging from 118 sq ft to 3,046 sq ft, totaling 7,266 sq ft of strata area. A standout feature of this offering is a rare food court spanning 3,046 sq ft, thoughtfully designed across seven adjoining strata units and accommodating 11 stalls. The remaining retail units are tenanted by a diverse mix of businesses including a pub, retail shops, beauty service providers, and a maid agency.
Ms. Sophia Lim, Director, Investment Sales & Capital Markets at Savills Singapore, notes, “Strategically positioned within Lucky Plaza, these units boast prime locations with prominent frontages and enjoy high foot traffic. The basement food court, in particular, benefits from consistently strong crowds on both weekdays and weekends. This substantial offering provides investors and end-users with a rare chance to secure an immediate foothold in the coveted prime strata retail sector or significantly expand their existing retail holdings.
“Freehold strata retail properties along Orchard Road are scarce. Coupled with URA’s prohibition on further strata subdivision of commercial properties along Orchard Road, prime strata freehold retail assets with stable and high footfall like Lucky Plaza have become one of the most sought-after properties among investors. With the planned revitalisation of the Orchard precinct by URA and rejuvenation activities intensifying, incoming purchasers can expect an increase in visitors and retail spending, further upside for rental growth and capital appreciation in the medium to long term,” she adds.
The guide price for the food court is set at S$25.43 million, while the entire portfolio is available at an asking price of S$52.6 million. Individual strata retail units are priced from S$1.1 million onwards. Both foreigners and companies are eligible to purchase, and no additional buyer’s or seller’s stamp duty will be imposed.
Interested parties are invited to evaluate this exciting opportunity with the flexibility to purchase the strata units individually or collectively as a portfolio. Prospective purchasers are invited to submit their offers by way of Private Treaty.