>

>

Sultan Plaza collective sale tender to close on Oct 26

By Atiqah Mokhtar

/ EdgeProp Singapore |

September 28, 2022 2:48 PM SGT

Sultan Plaza (Picture: Teakhwa Real Estate)

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

SINGAPORE (EDGEPROP) - Sultan Plaza will close its public tender on October 26 at 3pm, according to marketing agent Teakhwa Real Estate. The commercial site at 100 Jalan Sultan, off Beach Road, was relaunched for collective sale for a third time on Sept 9, with a reserve price of $325 million — lower than its $360 million reserve price in the previous attempt. (Find Singapore commercial properties with our commercial directory)

Read also: Sultan Plaza relaunches for collective sale with a lower reserve price of $325 mil

In a Sept 8 press release, Teakhwa Real Estate stated that a closing date for the tender would be determined “only when there is confirmed interest from a potential buyer” or after the owners' 80% mandate has been obtained to sell at the lower reserve price. At the time of launch, owners holding about 80% by strata area and 72% by share value had signed the supplemental agreement to lower the reserve price from $360 million to $325 million.

The marketing agent now says it is “close to” achieving the mandate. “We just need one to two units more to cross the 80%, which will happen very soon,” the firm adds in a Sept 28 statement.

Check out the latest listings near Sultan Plaza, Beach Road

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

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

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