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 ROAD PHOTO: CUSHMAN & WAKEFIELD
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"We expect the rest of 2020 to remain soft (for collective sale activity) in the light of Covid-19 and the recession," said Ms Tricia Song, Colliers International's research head for Singapore.

But there are signs of green shoots.

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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