The Prospex back on the market, with lower price tag

THE Prospex, a nine-storey retail and office building next to Bugis+, is back on the market, this time with an indicative guide price "in excess of S$70 million".

This appears to be lower than the S$80 million asking price when the building was previously put up for sale on an en bloc basis through an expression of interest (EOI) exercise that closed in October 2015.

The big difference this time around is that the building has now been substantially let; no tenants had been signed up when the previous sale attempt was launched.