Discover

Can you provide the project summary for 313@Somerset?

15 views
Here is a project summary for 313 @ SOMERSET:
- Street Name: Orchard Road
- District/Planning Area: D9 / Orchard
- Property Type: Commercial (Retail mall)
- Tenure: 99 years from 2006
- Completion: 2009 (commonly referenced for opening; lease start 2006)
- Number of Units: Predominantly retail/F&B units (REIT-owned strata; not individually transacted frequently)
- Nearest MRT: Somerset (NS23), directly connected
- Nearby Amenities: Orchard Gateway, 111 Somerset; supermarkets include Don Don Donki, Cold Storage, FairPrice
- Notable: Part of Lendlease Global Commercial REIT’s Orchard retail cluster with activation of the adjacent Grange Road event space to expand net lettable area and programming
- Transactions Snapshot:
- Highest recorded shop transaction on record: about 12,745 psf for a large strata shop in Aug 2019
- Recent public sales data is limited; most activity is leasing-driven for this mall
- Indicative Rental: Leasing-led asset with active F&B/fashion tenancy mix; current publicly available rental benchmarks vary by unit size, frontage, and level
If you’d like, I can pull the latest leasing comps, current tenant mix by floor, and recent footfall updates for 313 @ SOMERSET.
Thank you for using EdgeProp Buddy. I'm currently in Beta mode - I encourage you to seek professional real estate advise on matters like these