24 Oct '17, 5am

En bloc contagion spreads to commercial, mixed-use properties

En bloc contagion spreads to commercial, mixed-use properties

THE residential en bloc contagion has spread to the other property sectors, with more commercial and mixed-use developments joining the collective sales rush. The spillover has revived the interest of owners at Goldhill Centre in Novena and Katong Shopping Centre in Mountbatten Road - both projects have formed collective sales committees and are targeting to set a reserve price when their extraordinary general meetings are held in November, said marketing agent Cushman & Wakefield. Over at Bugis Cube , the former North Bridge Commercial Complex in North Bridge Road that was refurbished in 2013, owners are putting up the 119-unit retail mall for sale. It is likely to be sold as an investment property rather than on a redevelopment basis, given that it is already built to the maximum allowable gross floor area. Market watchers note that collective sales involving commercial ...

Full article: https://www.srx.com.sg/singapore-property-news/42042/en-b...

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