Grand Building relaunched for collective sale at same guide price of S$195m

Singapore

GRAND Building, an office property at Raffles Place has been relaunched for collective sale at the same guide price of S$195 million.

The 10-storey development at 17 Phillip Street was first launched for sale by sole marketing agent Edmund Tie & Company on Oct 28 last year, with the tender closing on Dec 7. In relaunching it, Swee Shou Fern, Edmund Tie's head and executive director of investment advisory, noted that Grand Building is unaffected by the Urban Redevelopment Authority's (URA) recent announcement on restrictions on strata subdivision of commercial properties in the Central area, as it is located outside of the identified areas.