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Golden Mile Tower set for en bloc relaunch at S$600 million reserve price

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Corinne Kerk

Published Fri, Mar 31, 2023 · 05:11 PM
    • Golden Mile Tower, a 99-year leasehold commercial development at 6001 Beach Road, has been valued at S$598 million.
    • Golden Mile Tower, a 99-year leasehold commercial development at 6001 Beach Road, has been valued at S$598 million. PHOTO: ERA REALTY

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    GOLDEN Mile Tower will be relaunched for collective sale on Apr 7 at a reserve price of S$600 million.

    This follows its first en bloc attempt at an indicative price of S$650 million, which closed on Jan 9 without a deal.

    The Business Times (BT) understands that the development’s owners had entered into a private treaty negotiation period with three interested parties, but none reached the reserve price of S$600 million.

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    Collective saleSingapore commercial propertyERA RealtySingapore propertyCommercial propertySpotlight

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