Most Singaporeans will recognise Tan Boon Liat Building on Outram Road as a go-to place for boutique and antique furniture, homeware, and interior design. Built in 1976, the 15-storey building has outlasted other landmark buildings of that era such as Park Mall, a former furniture mall along Penang Road that was demolished in 2016.
But Tan Boon Liat Building’s days are numbered as the iconic industrial property has been sold to Chinese developer Kingsford Group for $950 million. This is the largest collective sale deal so far this year.
Here are some of the important details.
News pieces like this explain what's happening in the market. Our consultations are designed to help you understand what it means for your own property decisions.
If you're considering buying, selling or upgrading, we'd be happy to help you work through your options.
Sold for less than its Reserve Price
The owners of Tan Boon Liat Building attempted a collective sale of the property in February...