PROJECT DETAILS
Tanglin Shopping Centre has been placed on the market again for en bloc sale.
The price placed on Tanglin Shopping Centre in the first attempt wasS$1.25 billion or S$4,000 psf of the potential gross floor area GFA if the 68,512 square feet freehold site is redeveloped.
The location of the property is expected to attract attnetion of developers, Nicholas Mak, research Head of SLP International, stated that all developers would have their own ideas of what a reasonable price is.
He added that there was not any changes in the market from the last the Centre was place on the market and that if the same price was asked, the same response should be expected.
Since they can no longer compete with the newly built shopping centres, the owners of Tanglin Shopping Centre decided to sell it off, said Len Hoo, a member of the pro team sales committe.
The mall is well over 40 years old and costs kept on rising- maintenance costs of escalators, air-conditioning, the lift and electrical.
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| Project | Tanglin Shopping Centre |
| Developer | |
| Location | Tanglin Road |
| District | 10 |
| Tenure | Freehold |
| Site Area | |
| GFA: | |
| Plot Ratio | |
| Expected TOP: | |
| Total Units | |
| Total Carpark | |
| Development | |
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| Architect | |
| Eligibility | SC/ SC, SC/SPR and Foreigner |
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