Sixth Avenue Centre relaunched for collective sale at S$85m reserve price

SIXTH Avenue Centre, a mixed-use boutique site located at 805 Bukit Timah Road, will be relaunched for collective sale via a tender on Apr 19.

The freehold site will be launched at a reserve price of S$85 million, which is unchanged from the reserve price in its previous tender in 2021, said Cushman & Wakefield on Monday (Apr 18).

Cushman & Wakefield had originally launched a tender for Sixth Avenue Centre in November 2021. Previously, the property had also been put up for collective sale in 2018, at an indicative guide price of S$90.5 million. The real estate services company noted that at its previous tender, the market was "reeling from a round of cooling measures" that came into effect in December 2021.