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Subscribe to this list via RSS Blog posts tagged in Coronation Shopping Plaza

Posted by on in Residential
Nineteen freehold strata retail units on the ground floor of Crown Centre in Bukit Timah have been put up for sale. The price tag is about $32 million, or $4,131 per square foot of the units' total strata area of 7,746 sq ft.

BT understands that based on the current average rent being achieved for the units - which are fully tenanted - the price tag reflects a net yield of just 1.8 per cent. However, there is significant rental upside for investors looking to spruce up the asset and reposition its tenant mix.
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