March 21, 2026 -- CBRE, as the exclusive marketing agent, is launching all eight ground floor strata retail units at PLUS, 20 Cecil Street, for sale. The sale will be conducted via an Expression of Interest (EOI) exercise, which will close on Thursday, 23 April 2026, at 3pm. Indicative guide prices for the retail units range from $3.4 million to $6.9 million, and the units are available for sale individually or collectively.

Located in the heart of Singapore’s bustling Central Business District (CBD), PLUS is a Grade A, 28-storey office landmark that features a 2-storey retail podium. Fronting one of Raffles Place’s most busy junctions, these ground floor retail units benefit from exceptional street-level visibility and a consistently high volume of footfall. The retail units seamlessly connect to Raffles Place MRT and are also within a short walking distance to Telok Ayer MRT.

Each unit features well-configured and efficient layouts with wide street frontages, making them suitable for a variety of retail uses. Fully-tenanted and ranging between 388 sf to 807 sf, the units come equipped with F&B provisions, offering investors a versatile and resilient asset in a tightly-held precinct.

Mr Clemence Lee (利伟强), Executive Director of Capital Markets, Singapore at CBRE says, “Ground floor street-fronting retail units are extremely rare and opportunities to purchase them individually are few and far between. These units are highly-prized for their rental resilience, underpinned by a strong retail catchment and the high-density footfall of the surrounding office population.”

“The pricing of these units have been reduced to offer an even more attractive entry point for buyers. Commanding one of Raffles Place’s most high-profile frontages, these units now provide compelling yield returns of around 3.5% and above. Given the prestigious location of the PLUS retail podium, this is a truly unique retail opportunity in the absolute core of Singapore’s CBD” , Mr Lee adds.

For owner-occupiers, these units also serve as a strategic flagship location and an excellent opportunity to hedge against rising rents and intense competition for prime CBD space. The versatile layouts allow the units to be reimagined for a variety of high-value retail uses - from trendy F&B outlets, high-end medical clinics, to flagship showrooms - subject to the relevant approvals.

As these strata retail units are commercial assets, foreigners are eligible to purchase and there will be no Additional Buyer's Stamp Duty (ABSD) or Seller's Stamp Duty (SSD) applicable on the transactions.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at https://www.cbre.com/.