Tan Boon Liat Building in Singapore Sold for SG$950 Million
MT Newswires07-22
Tan Boon Liat Building, a freehold industrial property at Outram Road, Singapore, has been sold en bloc for SG$950 million (US$756 million) to a unit of Kingsford Group, according to media reports on Tuesday, citing the exclusive adviser and marketing agent for the property Cushman & Wakefield.
The sale is subject to certain approvals and conditions.
The 15-story building was first launched for collective sale in February 2025 with a reserve price of SG$1.15 billion. However, after it failed to close a deal at the time, the property was relaunched in February at a reserve price of SG$1 billion.
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