Hoa Nam Building going for en bloc sale with S$160m asking price
Separately, the collective sale for Sultan Plaza is being relaunched, with more choice of redevelopment options
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HOA Nam Building, a freehold mixed-development in the Jalan Besar/Lavender Street locale, has been put up for collective sale with an asking price of S$160 million.
Marketing agent Huttons Asia said that this works out to S$1,866 per square foot based on the building's existing gross floor area (GFA) of 85,744 sq ft.
This is 4.0133 times the site area of 21,365 sq ft - exceeding the 3.0 plot ratio designated for the site under the Urban Redevelopment Authority's (URA) Master Plan 2014; the site is zoned for commercial and residential use.
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