Chinatown Plaza owners to get S$260m in collective sale
Buyer is a property unit affiliated to Singapore-based RGE
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Mindy Tan
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Singapore
CHINATOWN Plaza has been sold for S$260 million to a property unit affiliated to Singapore-based RGE (Royal Golden Eagle), the pulp and paper to palm oil giant founded by Sukanto Tanoto.
The price translates to a land rate of S$1,915 per square foot per plot ratio (psf ppr), said Edmund Tie & Company (ET&Co) on Friday, which handled the collective sale.
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