Golden Wall Centre sold for S$276.2m on second collective sale attempt

Singapore

FREEHOLD commercial property Golden Wall Centre has been sold en bloc for S$276.2 million to City View Holdings, a wholly owned subsidiary of Worldwide Hotels, which owns and manages hotel chains such as Hotel 81. The amount was higher than the reserve price of S$260 million, which was little changed from what the strata unit owners wanted in their first attempt at a collective sale in 2016.

At S$2,331 per square foot per plot ratio (psf ppr), it has a land area of approximately 2,251.9 square metres (sq m) and is zoned for commercial use under Master Plan 2014.