Golden Mile Complex launches en bloc tender while under conservation study

Golden Mile Complex's en bloc tender is the first time in Singapore that a building being studied for possible conservation is put up for collective sale at the same time.
Golden Mile Complex's en bloc tender is the first time in Singapore that a building being studied for possible conservation is put up for collective sale at the same time.ST PHOTO: GAVIN FOO

Singapore's collective sales process is about to enter uncharted territory, with architectural landmark Golden Mile Complex launching the first public tender of its building while being studied for possible conservation.

Completed in 1973, the building, considered an icon of urbanism with a signature step-terraced design, has 49 years left on its lease and is being launched at a reserve price of $800 million.

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A version of this article appeared in the print edition of The Straits Times on October 31, 2018, with the headline 'Golden Mile Complex launches en bloc tender while under conservation study'. Print Edition | Subscribe