Beauty World Plaza up for collective sale for third time at S$165 million

Beauty World Plaza was previously put up for collective sale in November 2018 and June 2019 at the same guide price.

Mixed-use development Beauty World Plaza is up for sale at about S$2,231 per square foot of gross floor area. (Photo: ETC)

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SINGAPORE: Mixed-use development Beauty World Plaza is up for collective sale for a third time at S$165 million (US$129 million), said ETC, a member of real estate group Realion, on Tuesday (Oct 13).

This translates to about S$2,231 per square foot of gross floor area.

Located next to Beauty World MRT station, Beauty World Plaza is a 999-year leasehold development on a site of about 24,817 sq ft.

It has eight storeys, with shops on levels one to three and apartments on the remaining floors.

CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less ETC, the sole marketing agent, is conducting the sale via a public tender exercise which closes at 3pm on Nov 19. The site is zoned for "commercial and residential" use with a gross plot ratio of 3 under the Urban Redevelopment Authority (URA) Master Plan 2025. In-principle planning approval from URA for serviced apartments has been granted for the residential component of the development, allowing for about 108 keys based on a minimum unit size of 35 sq m, said ETC. Beauty World Plaza is also located in an area with a high concentration of tertiary and international educational institutions, including the Singapore Institute of Management, Singapore University of Social Sciences and National University of Singapore, added ETC. Meanwhile, primary schools within 1km of the development include Pei Hwa Presbyterian Primary School, with Bukit Timah Primary School and Methodist Girls' School (Primary) within a 2km radius. "Beauty World Plaza offers a rare opportunity to acquire a near-freehold asset in a vibrant and highly accessible locale within Bukit Timah, with the flexibility to explore different strategies for the asset," said ETC's head of investment advisory Swee Shou Fern. This is the third time Beauty World Plaza has been put up for collective sale. Attempts to sell the development at the same guide price were previously made in November 2018 and June 2019 by Knight Frank Singapore.

ETC, the sole marketing agent, is conducting the sale via a public tender exercise which closes at 3pm on Nov 19.

The site is zoned for "commercial and residential" use with a gross plot ratio of 3 under the Urban Redevelopment Authority (URA) Master Plan 2025.

In-principle planning approval from URA for serviced apartments has been granted for the residential component of the development, allowing for about 108 keys based on a minimum unit size of 35 sq m, said ETC.

Beauty World Plaza is also located in an area with a high concentration of tertiary and international educational institutions, including the Singapore Institute of Management, Singapore University of Social Sciences and National University of Singapore, added ETC.

Meanwhile, primary schools within 1km of the development include Pei Hwa Presbyterian Primary School, with Bukit Timah Primary School and Methodist Girls' School (Primary) within a 2km radius.

"Beauty World Plaza offers a rare opportunity to acquire a near-freehold asset in a vibrant and highly accessible locale within Bukit Timah, with the flexibility to explore different strategies for the asset," said ETC's head of investment advisory Swee Shou Fern.

This is the third time Beauty World Plaza has been put up for collective sale. Attempts to sell the development at the same guide price were previously made in November 2018 and June 2019 by Knight Frank Singapore.

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美世界广场此前曾于 2018 年 11 月和 2019 年 6 月以相同的指导价进行集体出售。

综合用途开发项目“美世界广场”正在出售，售价约为每平方英尺建筑面积2231新元。（图片：ETC）

这段音频是由人工智能工具生成的。

新加坡：房地产集团 Realion 的成员 ETC 周二（10 月 13 日）表示，综合用途开发项目 Beauty World Plaza 将第三次进行集体出售，售价为 1.65 亿新元（1.29 亿美元）。

这相当于每平方英尺总建筑面积约 2,231 新元。

美世界广场位于美世界地铁站旁，是一个占地约 24,817 平方英尺、拥有 999 年租赁权的开发项目。

该建筑共有八层，一至三层为商铺，其余楼层为公寓。

CNA游戏猜词游戏：逐行破解单词；流行词游戏：用给定的字母组成单词；迷你数独：小巧的谜题，强大的脑力挑战；迷你填字游戏：小网格，大挑战；单词搜索：尽可能多地找出单词。显示更多 显示更少 独家营销代理ETC正在通过公开招标进行销售，招标将于11月19日下午3点截止。根据市区重建局（URA）2025年总体规划，该地块规划用途为“商业和住宅”，容积率为3。ETC表示，市区重建局已原则上批准该开发项目的住宅部分建设服务式公寓，根据最小单元面积35平方米计算，可建造约108间客房。ETC补充说，美世界广场所在的区域聚集了众多高等院校和国际教育机构，包括新加坡管理学院、新加坡社会科学大学和新加坡国立大学。与此同时，该项目1公里范围内的学校包括培华长老会小学，2公里范围内则有武吉知马小学和卫理公会女子小学。“美世界广场提供了一个难得的机会，可以在武吉知马充满活力且交通便利的地段购置近乎永久产权的资产，并可灵活探索不同的投资策略。”ETC投资咨询主管Swee Shou Fern表示。这已经是美世界广场第三次进行集体出售。此前，莱坊新加坡曾于2018年11月和2019年6月以相同的指导价尝试出售该项目。

独家营销代理 ETC 将通过公开招标的方式进行销售，招标将于 11 月 19 日下午 3 点结束。

根据市区重建局 (URA) 2025 年总体规划，该地块规划用途为“商业和住宅”，容积率为 3。

ETC表示，市区重建局已原则上批准该开发项目住宅部分的公寓式酒店规划，根据最小单元面积35平方米计算，可建造约108间客房。

ETC补充道，美世界广场所在的区域也聚集了许多高等院校和国际教育机构，包括新加坡管理学院、新加坡社会科学大学和新加坡国立大学。

与此同时，该开发项目 1 公里范围内的小学包括培华长老会小学，2 公里范围内的小学包括武吉知马小学和卫理公会女子小学。

“美世界广场提供了一个难得的机会，可以在武吉知马充满活力且交通便利的地段获得近乎永久产权的资产，并可灵活探索不同的资产开发策略，”ETC投资咨询主管Swee Shou Fern表示。

这是美世界广场第三次被列入集体出售名单。此前，莱坊新加坡曾于2018年11月和2019年6月以同样的指导价尝试出售该项目。

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