The Business Times

Michael Tay

HEAD OF CAPITAL MARKETS, SINGAPORE, CBRE

Owners of ageing assets have turned more realistic when it comes to asking prices. Recently successful commercial collective sales, Golden Mile Complex (S$700 million), Tanglin Shopping Centre (S$868 million) and Peace Centre/Peace Mansion (S$650 million) were all relaunched and sold at a lower asking price vis-a-vis prior to the pandemic.

The changing face of collective sales

A collective sale is a sale of properties that are under multiple ownership to a single buyer. For strata-titled properties – such...

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