Bangladeshi group pays S$135m for Centrium Square's retail space

Singapore

ALL the retail space of Centrium Square, which will come up on the current Serangoon Plaza site in Little India, is understood to have been sold to a foreign investor for S$135 million.

This works out to S$4,967 per square foot based on the freehold strata area of 27,179 sq ft - all on the first two levels.

The purchase is being made made by Canali Logistics, a Singapore-incorporated vehicle of Mohammed Saiful Alam, who controls Bangaldeshi conglomerate S Alam Gr…