Slimming specialist forks out $32m for 4-storey industrial building

AN ageing four-storey freehold industrial building at 243 Alexandra Road, next to the Kwan Yam Theng Buddhist Temple, has changed hands for the third time in four years.

In the latest transaction, home-grown slimming specialist Bottomslim New York is buying the property for S$32 million. This works out to about S$868 per square foot of potential gross floor area.

Located about 450 metres from Redhill MRT Station, the property can be redeveloped into a six-storey building, according to earlier reports.