SINGAPORE - Owners of The Arcade in Collyer Quay are making a second stab at a collective sale with an asking price of $780 million, 10 per cent lower than the $868 million price tag attempted in 2014.
Mr Moeez Hatim Nakhoda, chairman of The Arcade Collective Sale Committee, said the 40-year-old building is ageing and has"fallen behind the times". Zoned"commercial" with a gross plot ratio of 15, the site could potentially be redeveloped into an integrated development comprising a hotel, residential units, office and retail space, under the Draft Master Plan 2019.
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The Arcade up again for collective sale with S$780m asking priceOWNERS of The Arcade in Collyer Quay are making a second stab at a collective sale with an asking price of S$780 million, 10 per cent lower than the S$868 million price tag attempted in 2014. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
The Arcade up again for collective sale with S$780m asking priceOWNERS of The Arcade in Collyer Quay are making a second stab at a collective sale with an asking price of S$780 million, 10 per cent lower than the S$868 million price tag attempted in 2014. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
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