Cuscaden Peak lists $750M mall at 15% premium - retail experts reveal why
Key Points
- Cuscaden Peak Investments is listing The Clementi Mall for $...
Cuscaden Peak Investments just slapped a $750 million price tag on The Clementi Mall, asking 15% more than its December valuation of $645 million. That's $3,800 per square foot for roughly 195,772 square feet of retail space - basically charging Ferrari prices for what some might call a Honda Civic location.
The timing couldn't be more interesting. While most retail property owners are quietly nursing their post-pandemic wounds, Cuscaden is doing the real estate equivalent of Marie Kondo-ing their portfolio. Since buying assets from Singapore Press Holdings in 2022, they've been selling stude...
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