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Realty Centre in Tanjong Pagar sold for S$148m, below reserve price

The buyer, The Place Holdings, plans to develop a mixed-use building and use it as its headquarters

Published Mon, Apr 22, 2019 · 09:50 PM

Singapore

REALTY Centre, an office building in Tanjong Pagar, has been sold for S$148 million in the year's first commercial en bloc sale, although the figure falls short of the reserve price.

Marketing agent Cushman & Wakefield had put the freehold 12-storey office building up for collective sale with a reserve price of S$165 million in January.

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