Tai Wah Building draws top bid of S$84.89m
Meanwhile, owners of Jalan Besar Plaza still in negotiations with interested developers
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Singapore
TAI Wah Building at Killiney Road has found a buyer. Lucrum Capital, a private equity investment firm focused on real estate mainly in the Asia-Pacific, has placed a top bid of about S$84.89 million for the mixed-use development.
This is about 5 per cent above its asking price of S$81 million. The price translates to about S$2,209 per sq ft per plot ratio.
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