Selegie Centre En Bloc to Peak Tower Corporation for $120M

 

ABOUT THE EN BLOC SALES

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Selegie Centre en bloc is a freehold mixed-use property that is comprised of 22 residential and 33 commercial units. These units are spacious and caters to different businesses as well as give its residents the ideal home they’ve been looking for. The en bloc sale was set to have a reserve price of $120 million. The property is addressed in a very busy yet accessible location at 189 Selegie Road, Singapore.

The property had this third attempt in the collective sale and was successfully sold at its reserved price to an Indonesian-owned company Peak Towers Corporation. The property is set to be refurbished into an iconic development along the Selegie Road and Mackenzie Road.

Its marketing agent, Property Link Services brokered the said sale. The property is the first commercial sale made for the year 2019. Each apartment owner will receive an amazing $1.7 million, and a price ranging from $1to $2 million for the commercial unit owners.

The Selegie Centre have 10-storeys with about 60,000 square feet in floor area. Attaining about $1,942 psf ppr, the owners gets an excellent deal. It’s also a win-win situation for the buyer as the property is located in one of District 07 Tourism Zone.

 

SELEGIE CENTRE LOCATION

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The Selegie Centre can be found at 189 Selegie Road, Singapore. This development is well surrounded with a vast number of amenities that offers great convenience to its occupants. Different shopping malls and dining establishments are just within the area.

For a greater convenience, it is enclosed with major roads such as the the Central Expressway (CTE), Bukit Timah Road, Victoria St. and Rochor Road. These roads have conveniently provide ease of access to both public and private transports. MRT stations within the immediate area include Little India MRT, Rochor MRT, Bugis MRT and Jalan Besar MRT along with the various bus stops.

Surrounded with multiple types of establishments that are excellently convenient. Schools such as St. Margaret’s Primary School, Singapore Management University, Stamford Primary School and Farrer Park Primary School are reachable within minutes. The shopping malls that are close by include Sim Lim Square, Mustafa Centre Singapore, PoMo, Bugis Cube and Concorde Shopping Mall to mention some.

Additionally, people can get a great ease of access to premier hospital such as the KK Women’s & Children’s Hospital and Raffles Hospital that are only about a few minutes away from the property address.

 

MODE OF TRANSPORT

• Rochor MRT
• Little India MRT
• Jalan Besar MRT
• Bugis MRT
• Farrer Park MRT
• Central Expressway (CTE)

 

NEARBY AMENITIES

• Tekka Centre
• City Square Mall
• St. Margaret’s Primary School
• Kaplan Singapore
• KK Women & Children’s Hospital
• Sim Lim Square
• Burlington Square

 

POTENTIAL OF THE SITE

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The site of Selegie Centre is expected to become one of the iconic site in the area of District 07 once it is developed. It’s new development will offer a majestic resort-like ambience to the area.

Peak Tower Corporation, the Indonesian-owned buyer of the said site is said to apply for a rezone on the area as they were planning to build a commercial complex or a hotel development. Giving it an excellent opportunity for every business as it is located in one of the tourist zones in the country.

Its potential to attract a great tourist value will give an excellent opportunity to its surrounding businesses to bloom in no time. The ease of access that the bordering roads offer give an outstanding comfort and convenience for all, both tourists and locals.

Some of the nearby tourist destinations within the property are the Merlion, Gardens by the Bay, Resorts World Singapore and Sentosa.

 

 

SELEGIE CENTRE NEW CONDO REGISTRATION OF INTEREST

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