CBRE launches $295m EOI for Anchorpoint mall amidst suburban boom

High-visibility frontage and direct condo link boost retail appeal.

CBRE has announced an Expression of Interest exercise for Anchorpoint Mall at 368 and 370 Alexandra Road, running until 10 March 2026, with a guide price of $295m.

The asset comprises a total strata area of 110,373 square feet (sq.ft.), with an existing net lettable area of approximately 78,636 sq.ft., valued at $3,751 per sq.ft., and a basement car park with 130 lots.

The mall features over 150 metres of high-visibility frontage, is linked via an overhead bridge to IKEA Alexandra, and has a direct connection to The Anchorage, a 775-unit condominium.

A comprehensive asset enhancement initiative upgraded its mechanical and electrical infrastructure and refreshed interiors, repositioning the mall as a modern food and beverages and lifestyle destination.

The establishment houses key tenants such as Cold Storage, McDonald’s, Common Man Coffee Roasters, Mr DIY, Yakun Kaya Toast, Yoga Movement, Snap Fitness 24/7, and Cotton On.

It is also positioned for strong growth, supported by the government’s ongoing rejuvenation initiatives, including the upgrading of Alexandra Hospital into a major integrated general hospital.

Clemence Lee, executive director of Capital Markets, Singapore at CBRE, said the asset provides immediate, stable cash flow with significant potential for rental growth.

He also highlighted a surge in demand for suburban retail assets, citing recent high-value transactions such as The Clementi Mall, which traded at $4,132 per square foot.