Concorde Hotel & Shopping Mall sells for $821m

The property was sold to Luxury Peak Pte Ltd.

Concorde Hotel & Shopping Mall at 100 Orchard Road has been sold for $821m via public tender, according to Savills Singapore.

The 99,623 sq ft property was sold to Luxury Peak Pte Ltd, a wholly-owned subsidiary of Hotel Properties Ltd.

The property features a three-storey retail podium with approximately 108,510 sq ft of strata area, and a 407-room hotel occupying levels 4 to 9 with views of Istana Park.

Zoned “Hotel”, the site has a height control of up to 10 storeys and a development baseline at 539,719 sq ft, translating to a plot ratio of 5.41.

Hotel Properties Ltd currently owns approximately 95.4% of the strata area of the property.

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Savills (Singapore) Pte. Ltd

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