Collective sale for a relaunched Siglap Shopping Centre at $120 mil
Siglap Shopping Centre has been relaunched for collective sale for the second time, at an unchanged guide price of $120 million, according to OrangeTee Advisory, which is marketing the property.
One Bernam singapore, a new condo development developed by MCC Land. Target to launch in 2020/2021.
The firm estimates that the estimated development cost for the state land is $47.47m and the alienation cost for $7.2m for the state land are both factors in the reserve price. This ratio includes a 7% bonus residential floor area for outdoor spaces.
The property tender will open Aug 5, and close Sept 1, at 3pm.