SINGAPORE - 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 .
There is a possibility the freehold site can be combined with an adjoining state land plot of 465 sq m to form a larger combined parcel of 4,147 sq m , subject to approval from the relevant authorities, said OrangeTee. Mr Edmund Lee, executive director at OrangeTee Advisory, said:"With its freehold tenure and location in popular district 15, the site is likely to see good interest from developers. The optimal site area, coupled with a frontage of about 60 metres onto East Coast Road, offer developers the opportunity to build a prominent mixed-use development to cater to the lifestyle demands of buyers.
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