Ageing buildings take another crack at going en bloc
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Singapore
SOME ageing buildings in the Orchard vicinity are hopping on the collective sale bandwagon, with Tanglin Shopping Centre (TSC) and Orchard Towers among those eyeing a collective sale, The Business Times understands.
TSC, which is mounting its fourth attempt, is gunning for a reserve price of S$785 million. This works out to a little over S$2,500 per square foot per plot ratio (psf ppr) based on the gross floor area of approximately 313,000 square feet (sq ft).
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