Sultan Plaza attempts collective sale
Charlene Chin
EdgeProp Singapore
October 7, 2021
SINGAPORE (EDGEPROP) - Owners of Sultan Plaza shopping mall have kickstarted the attempt to launch the development for a collective sale at a guide price of $360 million, according to Teakhwa Real Estate, which is the marketing agent for the property.
The commercial site occupying 52,471 sq ft at 100 Jalan Sultan may be redeveloped into a 30-storey mixed development project or a 700-key hotel, with either having a gross floor area of up to 262,356 sq ft, says the firm.
Sultan Plaza is located close to downtown Marina Bay and the Kampong Glam district. It is a five-minute walk to Nicoll Highway MRT Station.
Read more at: https://www.edgeprop.sg/property-new...ollective-sale