A NEWLY completed 18-storey freehold luxury mixed-use development, 30 Bideford Road, along the Orchard shopping belt, has been put on the market with an indicative price of S$600 million, said marketing agents Colliers and Knight Frank in a press statement on Thursday (Dec 23).

Formerly known as Thong Sia Building, 30 Bideford Road now comprises 168 serviced residences, as well as around 54,512 square feet (sq ft) of retail, office and medical space spanning 5 storeys. It occupies a site area of about 21,602 sq ft.

Located at 28 and 30 Bideford Road, it is zoned for commercial and residential use with a gross plot ratio of 4.9, under the Urban Redevelopment Authority's Master Plan 2019.

It received its temporary occupation permit in early 2020. Japanese architectural firm Nikken Sekkei designed the building.

Colliers Singapore managing director Tang Wei Leng noted that 30 Bideford Road "is a newly completed and well-designed hospitality commercial development with high specifications".

Subject to the termination of existing leases at the building, it will be sold with vacant possession on an "as is, where is" basis, offering investors different options to maximise its potential, she added.