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Citimac up for en bloc sale by public tender

Owners seek a minimum price of S$430 million for the freehold redevelopment site

    Published Wed, May 31, 2017 · 09:50 PM

    Singapore

    INDUSTRIAL complex Citimac in Tai Seng has been put up for collective sale via a public tender exercise, and the owners are seeking a minimum price of S$430 million.

    This freehold redevelopment site has a land area of about 1.3 hectares, and is zoned "Business 1-White" with a gross plot ratio of 3.5. The "White" component offers some flexibility to the range of uses of the development.

    Collective sale

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