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Bangladeshi group pays S$135m for Centrium Square's retail space

Singapore vehicle of tycoon Mohd Saiful Alam paying S$4,967 psf for the freehold asset

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CENTRIUM SQUARE: Mr Saiful Alam has picked up all 49 retail units in the proposed development, which is expected to be completed in 2020, in Little India

Singapore

ALL the retail space of Centrium Square, which will come up on the current Serangoon Plaza site in Little India, is understood to have been sold to a foreign investor for S$135 million.

This works out to S$4,967 per square foot based on the freehold strata area of 27,179

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