SINGAPORE (EDGEPROP) - The transformation of the Beach Road-Bugis area is likely to accelerate with several development sites sold under the government land sales (GLS) programme and commercial buildings changing hands this year.
The two GLS sites sold – the one on Middle Road to Wing Tai Holdings for $492 million in April, and the other on Tan Quee Lan Street to GuocoLand Singapore for $800.2 million in September – amounted to close to $1.3 billion, or about a third of total investment deals of over $3.9 billion in the Beach Road-Bugis area for the whole year.