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Tai Wah Building draws top bid of S$84.89m

Meanwhile, owners of Jalan Besar Plaza still in negotiations with interested developers

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Lucrum Capital plans to redevelop the property into a serviced apartment with commercial use on the first storey.

Singapore

TAI Wah Building at Killiney Road has found a buyer. Lucrum Capital, a private equity investment firm focused on real estate mainly in the Asia-Pacific, has placed a top bid of about S$84.89 million for the mixed-use development.

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