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Chinatown Plaza sells en bloc for $260m

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Chinatown Plaza has been sold for $260 million to a property unit affiliated to Singapore-based RGE (Royal Golden Eagle), the pulp and paper and palm oil giant founded by Sukanto Tanoto. The price translates to a land rate of $1,915 per sq ft per plot ratio (psf ppr), said Edmund Tie & Company, which handled…

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Jurong’s Big Box building put up for sale

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The Big Box warehouse retail mall in Jurong East has been put up for sale via expression of interest (EOI) by the owner’s receivers and managers with no guide price given, revealed marketing agent Cushman & Wakefield on Wednesday (16 May). The eight-storey building is owned by Big Box Pte Ltd, a 51 percent subsidiary…

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Far East-led group clinches Holland Road site

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A consortium led by Far East Organization has been awarded a plum commercial and residential site in Holland Road, with a winning bid of $1.213 billion or nearly $1,888 per square foot per plot ratio (psf ppr). The Urban Redevelopment Authority (URA), which awarded the 99-year leasehold site yesterday, said the winning bid was the…

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21 of 30 New Futura units sold over weekend

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The upmarket New Futura condo has sold 21 of the 30 units released over the weekend at its 60-unit North Tower. They were snapped up at an average price of around $3,500 per sq ft (psf), said developer City Developments Limited (CDL) yesterday. Most of the buyers in this second-phase soft launch were permanent residents…

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Cairnhill Astoria up for en bloc sale for $196m

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Freehold development Cairnhill Astoria will be launched for collective sale today via public tender for $196 million. The reserve price reflects a land rate of $1,964 per square foot per plot ratio (psf ppr), inclusive of an estimated development charge of $16.34 million. This is comparable to the land rate of $1,914 psf ppr at…

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