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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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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.

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