What is the balance lease for Excelsior Shopping Centre

Excelsior Shopping Centre (part of Excelsior Hotel and Shopping Complex at 5 Coleman Street) is on a 99-year leasehold tenure starting from 17 August 1979. This means the remaining lease balance as of early 2026 is approximately 72 years. The property, which includes a 5-level podium shopping centre with 99 strata-titled commercial units and a 284-room hotel tower, was launched for collective sale in February 2023 at a $458 million reserve price after securing an 80% owner mandate, with the public tender closing on 18 April 2023 and moving to private negotiations thereafter. The 99-year leasehold site has an area of 1,932.2 sq m and a verified gross floor area of 21,111.92 sq m, zoned for hotel use under the Master Plan with potential for 60% hotel and 40% commercial redevelopment. For the latest transaction status or detailed lease computations, check EdgeProp Singapore listings.