# Two Strata Shops At Lucky Plaza Hit Market For $11.4M - **Source:** Stacked Homes - **Published:** 2026-09-15T07:52:17.000Z - **Author:** Sabrina Lee - **Original:** https://stackedhomes.com/freehold-shops-lucky-plaza-sale-for-11-4m/ - **Topics:** Private Residential, Commercial & Industrial, Transactions & Deals ## Featured rationale Their Orchard Road frontage, permanent F&B approvals and scarcity of new strata retail supply may attract investors and owner-occupiers, potentially supporting premium pricing. ## AI summary Two adjoining freehold ground-floor shops at Lucky Plaza are offered for $11.4 million, or $13,000 psf, through an Expression of Interest closing October 15. ## Original article Two freehold strata shops at Lucky Plaza have hit the market at a combined price of $11.4 million. The adjoining units on the ground floor have a total built up area of 882 sq ft, and the guide price translates to $13,000 psf on the strata area. While they are being marketed together, each unit – which spans 441 sq ft – can also be bought separately at a guide price of $5.7 million, according to CBRE, the sole marketing agent. The units are located near the atrium of Lucky Plaza and enjoy a 7m street frontage facing Orchard Road. In addition, the units come with F&B approvals, and are well-positioned to capitalise on their retail visibility and high pedestrian traffic along Orchard Road. But Joshua Giam, Director of Capital Markets at CBRE, says that the retail units are able to accommodate a range of alternative uses, including jewellery shops, pawnshops and other retail concepts, subject to approvals. Lucky Plaza is a familiar landmark along the Orchard Road shopping belt ever since it opened in 1977, and the strata-titled mixed-use development consists of a six-storey retail podium and an apartment tower. The development sits on a busy segment of the shopping district, close to other landmark retail buildings like Tang Plaza, ION Orchard, Ngee Ann City and Paragon. “The property enjoys prominent street frontage along Orchard Road, a highly desirable attribute that is rarely available in the market,” says Giam. He adds that recent transactions within Lucky Plaza have demonstrated strong demand for strata retail space. He cites three Level 1 units in the mall that have achieved prices ranging from $9,755 psf to $17,784 psf, despite these being non-street facing units. “Given the property’s prominent frontage and high visibility, we believe it is well-positioned to command a premium,” says Giam. Resale records also indicate that several strata shops at Lucky Plaza have transacted in the last few years. URA caveats show that 14 resale transactions have been lodged so far this year: Recent commercial transactions at Lucky Plaza Unit | Size (sq ft) | Price ($) | Price ($psf) | Date #05-45 | 656.6 | 2,890,800 | 4,403 | Aug 17 #02-55 | 387.5 | 2,150,000 | 5,548 | Aug 12 #02-53 | 387.5 | 1,960,000 | 5,058 | July 1 #03-63 | 312.16 | 1,950,000 | 6,247 | June 18 #03-65 | 505.91 | 2,934,800 | 5,801 | May 18 #03-22 | 516.67 | 2,288,000 | 4,428 | March 11 #04-80 | 538.2 | 2,600,000 | 4,831 | March 11 #B1-77 | 236.81 | 1,460,000 | 6,165 | March 6 #03-32,33 | 1,151.75 | 6,300,000 | 5,470 | Feb 23 #03-30 | 548.96 | 3,500,000 | 6,376 | Feb 12 Compiled by Stacked Strata-titled retail units are attractive to some asset owners because they let smaller investors buy into retail exposure. Owners also keep direct control, as they collect rental independently and can sell whenever they choose. This means that dozens of individual landlords each manage their own unit within a strata mall, and there’s no one to curate the tenant mix and makes it more difficult for a majority of owners to agree on a common direction for the mall. In Singapore, strata-titled retail lots are increasingly scarce, as URA has removed strata subdivision of commercial property in prime areas, including Orchard Road, since 2022. None of the strata shops there will be replaced. Currently, malls such as Lucky Plaza, Orchard Towers and Orchard Shopping Centre are among a handful of remaining strata titled shopping malls in Orchard Road. But there are a growing number of Reit-owned and managed shopping malls, such as ION, Paragon and Forum. “Coupled with existing permanent F&B approvals for both units, we expect strong interest from both investors and owner-occupiers,” says Giam. The units will be sold via an Expression of Interest exercise which closes on October 15. ## Chinese translation > Translation model: grok_cli ### 乐天广场两间分层商店以新币1140万元挂牌入市 乐天广场两间永久地契分层商店合计以新币1140万元挂牌，单位各为441平方英尺，面向乌节路并获餐饮用途批准，可通过世邦魏理仕（CBRE）分开或一并出售。 乐天广场两间永久地契分层商店已挂牌，合计售价为新币1140万元。这两间相邻的地面层单位总建筑面积为882平方英尺，指导价按分层面积计算相当于每平方英尺新币13,000元。 尽管两间单位正一并推介，但据独家营销代理世邦魏理仕（CBRE）称，每间面积达441平方英尺的单位也可分开购买，指导价为新币570万元。 这两间单位位于乐天广场中庭附近，享有7米面向乌节路的临街面。此外，单位已获餐饮（F&B）用途批准，并处于有利位置，可凭借零售可见度及乌节路沿线的高人流量获利。 不过，世邦魏理仕资本市场董事Joshua Giam表示，这些零售单位可容纳多种替代用途，包括珠宝店、当铺及其他零售概念，惟须获得批准。 乐天广场自1977年开业以来，一直是乌节路购物带上的熟悉地标。这座分层产权综合发展项目由一座六层零售裙楼和一座公寓塔楼组成。项目坐落于购物区的繁忙路段，邻近其他地标性零售建筑，如董宫广场（Tang Plaza）、ION Orchard、义安城（Ngee Ann City）和百利宫（Paragon）。 Giam表示：“该物业享有乌节路显眼的临街面，这一极具吸引力的特质在市场上难得一见。”他补充说，乐天广场近期的交易已显示出分层零售空间需求强劲。 他举例指出，商场内三间一层单位尽管并不临街，成交价仍介于每平方英尺新币9,755元至新币17,784元。Giam说：“鉴于该物业拥有显眼的临街面和高可见度，我们相信其有条件取得溢价。” 转售记录也显示，乐天广场有多间分层商店在过去几年成交。市区重建局（URA）买卖备案显示，今年迄今已有14宗转售交易登记： 乐天广场近期商业交易 单位 | 面积（平方英尺） | 价格（新币） | 价格（新币/平方英尺） | 日期 #05-45 | 656.6 | 2,890,800 | 4,403 | 8月17日 #02-55 | 387.5 | 2,150,000 | 5,548 | 8月12日 #02-53 | 387.5 | 1,960,000 | 5,058 | 7月1日 #03-63 | 312.16 | 1,950,000 | 6,247 | 6月18日 #03-65 | 505.91 | 2,934,800 | 5,801 | 5月18日 #03-22 | 516.67 | 2,288,000 | 4,428 | 3月11日 #04-80 | 538.2 | 2,600,000 | 4,831 | 3月11日 #B1-77 | 236.81 | 1,460,000 | 6,165 | 3月6日 #03-32,33 | 1,151.75 | 6,300,000 | 5,470 | 2月23日 #03-30 | 548.96 | 3,500,000 | 6,376 | 2月12日 由Stacked汇编 分层产权零售单位对部分资产持有者具有吸引力，因为它们让较小的投资者也能获得零售物业敞口。业主亦可保持直接控制权，独立收取租金，并可随时选择出售。 这意味着分层商场内有数十名独立业主各自管理自己的单位，没有人统筹租户组合，也更难让多数业主就商场的共同发展方向达成一致。 在新加坡，分层产权零售单位日益稀缺，因为市区重建局自2022年起已取消包括乌节路在内的核心地段商业物业分层分割。那里的分层商店都不会被取代。 目前，乐天广场、乌节大厦（Orchard Towers）和乌节购物中心（Orchard Shopping Centre）是乌节路仅存的少数分层产权购物商场。不过，由房地产投资信托（Reit）持有并管理的商场日益增多，例如ION、百利宫（Paragon）和Forum。 Giam表示：“再加上两间单位均已获永久餐饮用途批准，我们预计投资者和自用买家都会表现出浓厚兴趣。”这两间单位将通过意向征询（Expression of Interest）程序出售，截止日期为10月15日。