The Business Times
business-time-50

Top Global sells two ground-floor retail units in 15 Scotts for S$31.08 million

Price works out to S$4,828 psf; buyer is House of Hung, which operates out of Far East Shopping Centre, where a collective sale has been launched

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

Kalpana Rashiwala

Published Tue, Jul 25, 2023 · 10:11 PM
    • 15 Scotts, in District 9, is flanked by Scotts Walk and The American Club. It is also near hotels including Royal Plaza on Scotts and Goodwood Park Hotel.
    • 15 Scotts, in District 9, is flanked by Scotts Walk and The American Club. It is also near hotels including Royal Plaza on Scotts and Goodwood Park Hotel. PHOTO: CUSHMAN & WAKEFIELD

    SUKMAWATI Widjaja’s Top Global is selling the entire ground floor, comprising two freehold retail units, in 15 Scotts to jewellery store House of Hung for S$31.08 million.

    This works out to S$4,828 per square foot (psf) on a strata area of about 6,437 sq ft.

    The price is lower than the indicative price of S$38.8 million, or around S$6,027 psf, stated by marketing agent Cushman & Wakefield at the launch of the expression of interest (EOI) exercise for the two units in May. The EOI exercise closed on Jun 30.

    Singapore propertyCommercial & IndustrialRetailSingapore officestop globalSpotlight

    TRENDING NOW

    The house sits on a road just off Bishops Avenue, a north London street known as “Billionaire’s Row”.

    Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Indonesia’s Minister of Communication and Digital Affairs Meutya Hafid says sovereignty is about "having control at home and the confidence to cooperate abroad".

    Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister

    Asean is now in a position to revisit the idea of a bloc-to-bloc agreement with the EU.

    EU and Asean at 50: time for bold action

    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