Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
The freehold mall has potential for substantial refurbishment and repositioning
Add BT as a preferred source
[SINGAPORE] A potential sale of Scotts Square is in the early stage of being hammered out at a price of about S$320 million.
The father-and-son team of Raj Kumar and Kishin RK is said to be in exclusive due diligence for a purchase of the four-level freehold retail mall in a prime Scotts Road location, just off Orchard Road.
Scotts Square is owned by Wharf Estates Singapore, formerly known as Wheelock Properties (Singapore). The company is a wholly owned subsidiary of Hong Kong-listed Wharf Real Estate Investment Company, which in July inked a deal to sell Wheelock Place in Orchard Road to Hongkong Land’s Singapore Central Private Real Estate Fund (SCPREF) for S$1.1 billion.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Hedge fund tax break grips Hong Kong as banks fear exodus
