Citimac up for en bloc sale by public tender
Owners seek a minimum price of S$430 million for the freehold redevelopment site
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand