The Business Times
business-time-50
SUBSCRIBERS

Beauty World site set to catalyse area's rejuvenation

Commercial and residential plot expected to fetch S$780m to S$1.3b; given large investment outlay, developers likely to form consortiums to place bids

google-preferred-sourceAdd BT as a preferred source
Kalpana Rashiwala

Kalpana Rashiwala

Published Tue, Jun 30, 2020 · 09:50 PM

    Singapore

    A JUST-RELEASED 99-year leasehold commercial and residential site near Beauty World MRT station has many strong attributes, say property consultants.

    However, the cloud of uncertainty amid the Covid-19-induced economic slowdown and its big-ticket investment quantum - the land price alone is widely expected to be at least S$1 billion - may cause potential bidders to be cautious, they added.

    URASingapore property

    TRENDING NOW

    Zhang Yiming’s net worth climbs to US$92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index.

    TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest person

    The lack of operational clarity in the shake-up of Indonesia’s commodities exports is showing up in trading activity, with fresh fruit bunch prices declining in Sumatra and Kalimantan.

    Indonesia’s commodity export shake-up sparks industry alarm, investor jitters

    The Orchard Boulevard plot is estimated to yield around 110 new private homes.

    Orchard plot, Jurong East EC, Raffles Town Club site among 10 new housing parcels in H2 GLS plan

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More