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Singapore mixed-use plaza eyeing S$390M in collective sale

Jalan Besar Plaza, a mixed-use development in Kallang, Singapore, is aiming to sell for S$390 million in a collective sale, The (Singapore) Business Times reported, citing Huttons Asia, the marketing agent for the property.

The public tender for the sale will launch Oct. 10 and close Nov. 10.

The 16-story building contains a mix of residential and commercial units on an approved gross floor area of 16,694.23 square meters, with 44 residential apartments of 915 square feet and 1,593 square feet, and 111 commercial units spread on three floors of the commercial side of the property.

This is the third such attempt by the owners to sell the building after two failed attempts in 2012 and 2015, the Oct. 9 report added.

As of Oct. 6, US$1 was equivalent to S$1.37.