Read recommended article: Oei Tiong Ham Park’s Portfolio of 9 Villas on the market at the price of S$100 million

Oei Tiong Ham Park’s Portfolio of 9 Villas on the market at the price of S$100 million

According to Teakhwa Real Estate (the marketing agent), the Sultan Plaza mall owners have launched the effort to launch the development at a collective price of $360million.

According to the firm, the commercial site at 100 Jalan Sultan, which covers 52,471 square feet, could be redeveloped as a mixed-development project of 30 stories or a 700-key hotel with a gross floor area up to 262,356 square feet.

Sultan Plaza is close to the center of Marina Bay and the Kampongglam district. It is just five minutes walk from Nicoll Highway MRT Station.

The owners of Sultan Plaza have approved the launch of Sultan Plaza as a collective sale. Once 80% of owners, strata area and share value agree to the proposal, it can be launched for collective sales.

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