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SINGAPORE PROPERTY

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

The 23,922-sq-ft vacant site is being sold by former Sincere Watch boss to founder of medical aesthetics clinic chain V Medical

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Kalpana Rashiwala

Kalpana Rashiwala

Published Fri, Mar 20, 2026 · 03:10 PM
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    • Tay paid S$47.84 million, or S$2,000 psf, in early 2012 for the plot, which he brought from businessman Peter Kwee.
    • Tay paid S$47.84 million, or S$2,000 psf, in early 2012 for the plot, which he brought from businessman Peter Kwee. PHOTO: GOOGLE MAPS

    [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.

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