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
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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.
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