Two buildings zoned commercial in Tanjong Pagar to be launched for collective sale

A PAIR of 5-storey buildings on Hoe Chiang Road and Lim Teck Kim Road in prime Central Business District’s (CBD) Tanjong Pagar will be launched for collective sale in mid-November after recently achieving 80 per cent consent from owners.

Built in 1959, the 2 buildings sit with their backs facing each other on 999-year leasehold land and are located at 1, 3, 5, 7 and 9 Hoe Chiang Road and 2, 4, 6, 8 and 10 Lim Teck Kim Road. The Hoe Chiang Road site is 8,449 square feet and the Lim Teck Lim Road site is 8,450 sq ft.

Under Master Plan 2019, they are zoned for commercial use, with a gross plot ratio (GPR) of 5.6.