Watch maven Tay Liam Wee sells Nassim GCB plot for S$92 million or S$3,846 psf

[SINGAPORE] Former Sincere Watch boss Tay Liam Wee is said to be selling his land in Nassim Road for S$92 million, or S$3,846 per square foot (psf) on the freehold land area of 23,922 sq ft.

The buyer is understood to be Dr Ian Tan, the founder and medical director of V Medical Aesthetics Group. The group operates 21 clinics across Singapore, according to its website. Dr Tan is in his late thirties.

Some market watchers consider the price to be fair for a redevelopment site, given that the plot has an odd shape and faces the main road. “If the plot had a more regular shape, it would have fetched a higher price,” said Julian Yip, managing director of Realstar Premier Group.