Multi-storey car park at Textile Centre in Jalan Sultan on the market for S$36 million
There is potential to convert surplus parking lots to higher-value uses, says marketing agent JLL
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A multi-storey car park in Textile Centre, an ageing mixed development at the corner of Jalan Sultan and North Bridge Road, has been put up for sale with a guide price of S$36 million.
The price is for a 685-lot car park (the biggest strata-titled car park in district 7, according to the property’s marketing agent) as well as a 4,838 sq ft adjacent plot of land that is used as the car park’s driveway and for the loading and unloading area in the development.
Both the car park and adjacent plot are owned by Plaza Development (Pte) Limited, wholly owned by Chee Tat Holdings (S) Pte Ltd, which in turn is controlled by the Ng family which also owns Serene Centre in Bukit Timah.
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