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UOL associate to buy Nanak Mansions for S$201m

Winning bid is from Secure Venture Development; price works out to S$1,429 psf ppr inclusive of DC, says JLL

Published Thu, Sep 28, 2017 · 09:50 PM

Singapore

AN associated company of UOL Group is set to purchase en bloc the freehold property of Nanak Mansions at S$201.08 million after putting in a winning bid in a tender.

JLL's senior consultant Karamjit Singh said that the tender for Nanak Mansions attracted six bids. "The developers found the site very attractive, with its prime Meyer Road address, a large park next door, and an MRT station close by."

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