City Plaza owners make collective sale attempt

By Angela Teo
/ EdgeProp |
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City Plaza — across the road from the future Paya Lebar Quarter and ONE KM mall — is making a collective sale attempt. “We are making a final decision on the appointment of a consultant and lawyer, and will make an announcement soon,” says Derrick Chan, chairman of the collective sale committee.
Built in 1981, the freehold mixed-use development has a total of 531 units (465 strata retail and 66 residential). Two 172 sq ft retail units on the third floor were just sold on Nov 27 at $740,000 ($4,297 psf) each.
So far, 70% of the owners have agreed to the sale, says Chan.
Long shot of City Plaza
(Credit: Samuel Isaac Chua/The Edge Singapore)
Ask Buddy
Condo projects with most profitable transactions
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Landed transactions with the highest profits in the past year
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Condo projects with most profitable transactions
Compare price trend of Condo new sale vs EC new sale
Landed transactions with the highest profits in the past year
Condo projects with most expensive average PSF
Compare price trend of New sale condo vs Resale condo

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