Tai Wah Building, a freehold mixed-use development in Killiney Road is up for collective sale after securing 100% of the owners’ votes. They have set the asking price for the property at $81 million which makes out to about $2,035 psf per plot ratio. No development charges are applicable for the site.
The 4-storey building is zoned for residential use and currently houses 2 shops and 6 apartment units. A spokesman for the marketing agent for the sale, Edmund Tie & Company, has expressed that the 13,148 sq ft site could be redeveloped into a “boutique residential development” or serviced apartments.
The tender exercise for the en bloc sale of Tai Wah Building will close on November 15.
Read more at the Straits Times website.
Jalan Besar Plaza, another mixed use site, has recently been put up for collective sale. Read about that here.