Serene Centre in Bukit Timah up for collective sale at $120 million
The Straits Times|September 29, 2022
Serene Centre, a prime mixed-use development at the corner of Bukit Timah Road and Farrer Road, will be launched for sale via tender for the first time on Friday at a reserve price of $120 million.
Grace Leong
Serene Centre in Bukit Timah up for collective sale at $120 million

Built in the 1980s, the freehold four-storey commercial/residential development in Jalan Serene comprises 30 retail/food and beverage units, 10 apartment units and car-park facilities, and is owned by a single family owner, according to marketing agent Cush& Wakefield.

Located near the Botanic Gardens MRT interchange station, Serene Centre sits on a 32,225 sq ft site area with a gross floor area of 47,475 sq ft. Under the 2019 Master Plan, the site is zoned as "commercial/residential" and eligible for purchase by foreigners. The tender will close at 3pm on Nov 14. 

"This is an old asset and the seller doesn't want to put in more money to redevelop the property.

هذه القصة مأخوذة من طبعة September 29, 2022 من The Straits Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة September 29, 2022 من The Straits Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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