Realty Centre in Tanjong Pagar sold for S$148m, below reserve price
The buyer, The Place Holdings, plans to develop a mixed-use building and use it as its headquarters
Singapore
REALTY Centre, an office building in Tanjong Pagar, has been sold for S$148 million in the year's first commercial en bloc sale, although the figure falls short of the reserve price.
Marketing agent Cushman & Wakefield had put the freehold 12-storey office building up for collective sale with a reserve price of S$165 million in January.
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