>

>

Beauty World Plaza up for sale at $165 million again

By Bong Xin Ying

/ EdgeProp Singapore |

June 18, 2019 2:17 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

Beauty World Plaza has been launched for sale by tender for the second time. The reserve price remains unchanged at $165 million ($2,189 psf ppr). Knight Frank Singapore is the exclusive marketing agent.

With a site area of about 24,817 sq ft, Beauty World Plaza is zoned for commercial and residential use under the 2014 Master Plan. The freehold development is next to Beauty World MRT station on the Downtown Line. It was first put up for sale in November last year.

No development charge is payable for redevelopment to the maximum permissible gross floor area of about 75,362 sq ft. In an Outline Application submitted, the Urban Redevelopment Authority (URA) has also provided an in-principle approval for redevelopment of the residential component to serviced apartments.

Under URA’s 2019 Draft Master Plan, several new developments will be built. These include a one-stop integrated facility incorporating a Community Club, redeveloped market, a hawker centre, an indoor sports hall, community library and an elderly facility.

Nearby, an integrated transport hub will also be constructed to serve the Beauty World area that has been earmarked as part of the Rail Corridor.

The tender for Beauty World Plaza will close on July 17, 3pm.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

World’s largest Mercure Hotel opens on Club Street

5

Luxury living in the new heart of Bukit Timah

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00