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Beauty World Plaza's second en bloc try ends with no takers

Mixed-use development now in 10-week private treaty period; owners keeping reserve price at S$165 million

The complex, with 61 retail and 30 residential units, is next to Beauty World MRT station. There is in-principle approval for the redevelopment of the residential part to serviced apartments.


BEAUTY World Plaza's second en bloc attempt at an unchanged reserve price of S$165 million failed to draw any takers.

Its collective sale tender, launched on June 17, closed on Wednesday without a single bid. The first launch was in late November last year.

The 24,...