Perennial launches sale of 752,014 sq ft Caldecott site for $350m

Perennial is divesting the asset as part of its strategic pivot toward healthcare-focused investments.

Perennial Holdings has put up for sale its 752,014-square-foot leasehold site at the former Caldecott Broadcast Centre, with a guide price exceeding $350m.

Situated within the Caldecott Hill Good Class Bungalow area, the cleared plot ranks among Singapore’s largest landed redevelopment opportunities in decades. The expression of interest (EOI) closes on 15 January 2026.

Although zoned “Civic & Community Institution” under the 2019 Master Plan, the site could accommodate more than 60 two-storey bungalows of at least 800 square metres each, subject to planning approvals.

The redevelopment is expected to draw interest from ultra-high-net-worth Singaporean families and investment consortia seeking to establish bespoke hilltop enclaves in one of the city’s most exclusive residential zones.

Perennial is divesting the asset as part of its strategic pivot toward healthcare-focused investments.

The EOI is jointly managed by Jeremy Lake and Jacke Chye of Savills and Karamjit Singh of Delasa.

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