Raffles Education Square at Merchant Road up for sale at $200m
The 27,669-square-foot property has a carpark and a four-storey building.
Education group, Raffles Education Limited, announced that it is selling the Raffles Education Square at 51 Merchant Road within the Singapore River via public tender.
Its agent, Knight Frank, said in a separate statement that the property has a land area of 2,570 square metres with a gross floor area of 6,606.41 sqm or approximately 71,111 sq ft. It has a main four-storey building connected to two rows of conserved buildings and is served by two levels of basement carpark.
The property has a leasehold tenure for an unexpired term of almost 70 years commencing from 15 May 1993. It is zoned “Commercial” under the Master Plan 2019.
Raffles Education Square enjoys is conveniently located within walking distance of three MRT stations – Clarke Quay (North East Line), Fort Canning (Downtown Line), and Chinatown (Downtown and North East Line).
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