REALTY CENTRE ENBLOC

REGISTER INTEREST

Realty Centre Enbloc

Freehold Mixed Development in CBD
CBD Incentive Scheme

Sold Enbloc $148m in 22 Apr 2019

Developer: The Place Holdings

CALL 6100 8108REGISTER INTEREST
DISTRICT
D2 - DOWNTOWN CORE
UNITS
Est 100
PROPERTY TYPE
MIXED DEVELOPMENT
TENURE
FREEHOLD

Register Interest for the Redeveloped Realty Centre Today!

Realty Centre, a freehold 12-storey building in Tanjong Pagar was put up for collective sale with a reserve price of $165 million in January 2019.

It was subsequently sold for $148 million in Apr 2019 to Singapore-listed The Place Holdings, which deals in branding, events organising and tourism-related business development, and is backed by China's The Place Investment Group.

Developer The Place Holdings intends to redevelop the property into a mixed-use commercial and
residential tower.

A versatile site within a location undergoing massive urban rejuvenation and transformation
5-minute walk to Tanjong Pagar MRT and Prince Edward MRT Station
Slated for Public Launch in 2Q 2023!

Register Your Interest Today!

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About Realty Centre

  • Freehold land site
  • Land area : 1,021.9 square metres or approximately 11,000 sq feet
  • Zoned for commerical use under the Urban Redevelopment Authority's 2014 Master Plan
  • Plot ratio of 5.6
  • Maximum storey height of 35 storeys.
  • The site can yield approximately 61,598 sq ft of gross floor area upon redevelopment
  • The plot has a verified gross floor area of 5,514.24 sq m or approximately 59,355 sq ft, equivalent to a plot ratio of about 5.4 times
  • Initially launched for enbloc in Jan 2019 for $165m
  • Sold enbloc in Apr 2019 to The Place Holdings for $148m
  • Developer The Place Holdings intends to redevelop the property into a mixed-use commercial and
    residential tower, subject to regulatory approvals

Realty Centre Street View

Press Coverage 
Realty Centre in Tanjong Pagar sells en bloc below reserve price at $148m

23 Apr 2019

Realty Centre, an office building in Tanjong Pagar, has been sold for $148 million in 2019's first commercial en bloc sale, although the figure falls short of the reserve price.

Marketing agent Cushman & Wakefield had put the freehold 12-storey building up for collective sale with a reserve price of $165 million in January.

The buyer is Singapore-listed The Place Holdings, which intends to redevelop the property into a mixed-use commercial andresidential tower, subject to regulatory approvals. The building will also serve as the company's headquarters, according to SGX filings on Monday night.

The Place Holdings deals in branding, events organising and tourism-related business development, and is backed by China's The Place Investment Group.

Realty Centre has a land area of about 11,000 sq ft and is zoned for commercial use under the Urban Redevelopment Authority's 2014 Master Plan with a plot ratio of 5.6 times and a maximum storey height of 35 storeys.

Reference

Press Coverage 
Realty Centre in Tanjong Pagar sold for S$148m, below reserve price

22 Apr 2019

REALTY Centre, an office building in Tanjong Pagar, has been sold for S$148 million in 2019's first commercial en bloc sale, although the figure falls short of the reserve price. 

Marketing agent Cushman & Wakefield had put the freehold 12-storey building up for collective sale with a reserve price of S$165 million in January. 

The buyer is Singapore-listed The Place Holdings, which intends to redevelop the property into a mixed-use commercial and
residential tower, subject to regulatory approvals. The building will also serve as the company's headquarters, according to SGX filings on Monday night.

The Place Holdings deals in branding, events organising and tourism-related business development, and is backed by China's The Place Investment Group.

Realty Centre has a land area of about 11,000 sq ft and is zoned for commercial use under the Urban Redevelopment Authority's 2014 Master Plan with a plot ratio of 5.6 times and a maximum storey height of 35 storeys.

Reference

Press Coverage 
Realty Centre going for S$165m in year's first commercial en bloc

8 Jan 2019

REALTY Centre, an office building located at 15 Enggor Street within the Central Business District, has been put up for collective sale with a reserve price of S$165 million, marketing agent Cushman & Wakefield said on Monday.

The freehold site, which has a land area of 1,021.9 square metres or approximately 11,000 sq feet, is zoned for commerical use under the Urban Redevelopment Authority's 2014 Master Plan with a plot ratio of 5.6 times and a maximum storey height of 35 storeys. The site can yield approximately 61,598 sq ft of gross floor area upon redevelopment (see amendment note).

In addition, the plot has a verified gross floor area of 5,514.24 sq m or approximately 59,355 sq ft, equivalent to a plot ratio of about 5.4 times.

Based on the reserve price, the land rate for the site will come up to approximately S$2,714 per sq ft per plot ratio, inclusive of an estimated development charge amount of around S$2.2 million.

The property is within a five-minute walk to the Tanjong Pagar MRT Station and the upcoming Prince Edward MRT Station on the Circle Line. The latter is due to be completed by 2025.

Reference

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