4 properties put up for collective sale amid soft market

Owners try their luck post-circuit breaker; jury out on whether asking prices can be met

HIGH STREET CENTRE, 1 North Bridge Road PHOTOS: THE ARCADE, Raffles Place GSM BUILDING 101 BEACH ROAD
$800m Reserve price: HIGH STREET CENTRE, 1 North Bridge Road PHOTOS: LIANHE ZAOBAO FILE, KELVIN CHNG, MOUNT EVEREST PROPERTIES, CUSHMAN & WAKEFIELD
HIGH STREET CENTRE, 1 North Bridge Road PHOTOS: THE ARCADE, Raffles Place GSM BUILDING 101 BEACH ROAD
$780m Reserve price: THE ARCADE, Raffles Place PHOTO: KELVIN CHNG
HIGH STREET CENTRE, 1 North Bridge Road PHOTOS: THE ARCADE, Raffles Place GSM BUILDING 101 BEACH ROAD
$98m: GSM BUILDING PHOTO: MOUNT EVEREST PROPERTIES
HIGH STREET CENTRE, 1 North Bridge Road PHOTOS: THE ARCADE, Raffles Place GSM BUILDING 101 BEACH ROAD
$90m: 101 BEACH ROADPHOTO: CUSHMAN & WAKEFIELD

Some building owners here are trying their luck for a collective sale despite the battering that the commercial property investment market has taken in recent months.

At least four buildings that have garnered the requisite 80 per cent backing of owners for a sale en bloc have gone on the market since the circuit breaker was partially lifted on June 2.

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A version of this article appeared in the print edition of The Straits Times on June 19, 2020, with the headline '4 properties put up for collective sale amid soft market'. Subscribe