Anchorpoint Mall goes up for sale, valued at S$295 million

Anchorpoint Mall, which you’ll probably know best as the mall opposite Ikea’s Alexandra outlet, is up for sale, with its current owners valuing the property at S$295 million.

You might recognise it from the Brewmaster’s House, which forms a prominent part of its frontage.

The house is a conserved heritage building, and its 1930s architecture stands out amongst Alexandra Road’s modern buildings.

The house was the main office of the old Anchor Brewery that used to stand on the site.

The mall was revamped at the end of 2023, and its current lineup includes familiar franchises, such as McDonald's, Starbucks, Cotton On, and a newly opened Yoshinoya, as well as a Cold Storage supermarket and Mr DIY hardware store.

It also has a set of restaurants, like the Marmalade Pantry, Overbrod, and a Sukaraya fish mart.

Next Phase

As quoted by The Edge Singapore, a spokesperson for the mall’s market agent CBRE said that the mall was the only "singly-held mall of substantial footprint within the Alexandra/Queenstown area”.

The mall was sold to its current owners in 2021 for S$110 million, and after five years, its current owners told EdgeProp that it was looking to exit at “a natural point in the asset's life-cycle”.

The mall’s general manager, Alexandra Wong, said the current owners had “positioned and upgraded” the mall, strengthened its tenant mix, and it was now well placed “for a new owner to take it into its next phase.

Despite being one of the most prominent malls in the area, it actually only spans the ground floor and one basement, which its market agent spun as adding value to the assets, allowing all tenants to enjoy “equally prime positioning” on what would be the "most premium floors” in most malls.

Trendline

Anchorpoint Mall becomes one of the first major malls to come onto the market in 2026, after 2025 saw the sale of several prominent malls, including that of Clementi Mall to the Elegant Group in December 2025.

That mall was sold for S$809 million, higher than its guide price of about S$750 million.

The Edge notes that there has been a surge in demand from investors for such malls in recent years, attracted by high yields and stable cash flows.

Mothership has reached out to the mall's operators for further comment.

Top image via Anchorpoint, Singapore/Facebook