SINGAPORE: Siglap Shopping Centre will be put up for collective sale by public tender on Tuesday , with the reserve price for the freehold mixed-use site on East Coast Road set at S$120 million, marketing agent OrangeTee Advisory said on Monday.
Siglap Shopping Centre, not to be confused with the nearby Siglap Centre, is currently occupied by a variety of tenants including eateries and a pre-school.“With its freehold tenure and location in popular District 15, the site is likely to see good interest from developers,” said Mr Edmund Lee, executive director of OrangeTee Advisory.
Based on the reserve price, the land rate works out to S$1,235 per square foot per plot ratio, after accounting for an additional 7 per cent bonus residential gross floor area for private outdoor spaces. The site is close to several schools and malls, as well as Parkway East Hospital, and will be served by the upcoming Siglap MRT station on the Thomson-East Coast Line.
a childhood memoir up for sale. This is pretty exciting
Another en bloc sale that will not happen 😏
Another condo or mall on the way.....for siglap residents
I don’t know what to say
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Siglap Shopping Centre up for collective sale with $120 million reserve priceSINGAPORE - Siglap Shopping Centre along East Coast Road will be put up for collective sale via public tender with a reserve price of $120 million, sole marketing agent OrangeTee Advisory announced on Monday (Oct 26).. Read more at straitstimes.com.
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