Beauty World Plaza offered for collective sale for third time at S$165 million
The Singapore property is back on the market at the same guide price as its 2018 and 2019 attempts. Its public tender is scheduled to close on Nov. 19.
Beauty World Plaza in Singapore was put up for collective sale for a third time on Oct. 13 at a guide price of S$165 million, according to CNA and The Straits Times. The public tender is scheduled to close at 3pm on Nov. 19, giving prospective buyers another chance to bid after two earlier attempts.
Beauty World Plaza tender terms and earlier attempts
The asking price works out to about S$2,231 per square foot of gross floor area. The plaza was previously offered in November 2018 and June 2019 at the same guide price; The Straits Times reported that the 2019 attempt drew no takers.
CNA, citing information from marketing agent ETC, reported that the site is zoned for commercial and residential use under Singapore’s URA Master Plan 2025 and has in-principle planning approval for serviced apartments. About 108 serviced-apartment keys could be possible based on a minimum unit size of 35 square metres, according to that account.
Sources and context
- Beauty World Plaza up for collective sale for third time at S$165 millionCNA
- Beauty World Plaza up for collective sale once more for $165mThe Straits Times
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