Properties

VisionCrest Commercial, Singapore





In November 2023, Metro acquired a stake in VisionCrest Orchard (formerly named VisionCrest Commercial), an 11-storey freehold Grade-A office building situated in Singapore’s prime Orchard Road area. This was through Metro’s subscription of a 40.9% stake in Vision One Enterprise Limited (“Vision One Limited”) – a joint-venture company set-up with an affiliate of TE Capital Partners Pte. Ltd. (“TECP”) with the affiliate owning the remaining stake. Vision One Limited, together with an affiliate of TECP and an independent third party incorporated a joint-venture company to acquire VisionCrest Orchard, with Metro owning an effective 20% stake in the property for an investment sum of approximately S$33.6 million, and the remaining 29.9% owned by the affiliate of TECP and 50.1% owned by the independent third party.

VisionCrest Orchard is situated at 103 Penang Road and features a commercial retail podium on the ground floor with carparking facilities of 114 lots across two basement levels. The property has been awarded LEED Gold® certification by the U.S. Green Building Council, and is part of the mixed-use development that also includes the 265-unit VisionCrest Residence and the national monument House of Tan Yeok Nee. Strata sales of the retail and office units commenced in July 2024, with four retail units and two office floors sold as at 31 March 2025, comprising approximately 20% of the total strata area.