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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

Kalpana Rashiwala

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

URA

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.