{"id":23905,"date":"2019-03-11T12:31:17","date_gmt":"2019-03-11T04:31:17","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=23905"},"modified":"2022-06-13T17:06:23","modified_gmt":"2022-06-13T09:06:23","slug":"peak-tower-corp-buys-selegie-centre-for-120-million","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/peak-tower-corp-buys-selegie-centre-for-120-million\/","title":{"rendered":"Peak Tower Corp Buys Selegie Centre for $120 million"},"content":{"rendered":"
<\/div>

Peak Tower Corp has bought Selegie Centre at its reserve price of $120 million. This is around $1,942 per square foot per plot ratio (psf ppr). Selegie Centre is a 30-year-old, integrated development in District 7, at the border of the CBD.<\/p>\n

Owners of Selegie Centre’s commercial units are expected to reap between $1 to $12 million. At the same time, residential owners can expect about $1.7 million for their 84 square metre apartments.<\/p>\n

Peak Tower Corp is considering a hotel or commercial complex, with the backing of an Indonesian developer and industrialist. “A redeveloped Selegie Centre can be a landmark for the overall outlook of the Tekka or Little India precincts<\/em>,” said sales committee chairman M. Thomas.<\/p>\n

\"Peak
A redeveloped Selegie Centre is expected to be a landmark at Little India.<\/figcaption><\/figure>\n

With rezoning to allow this, he says it can even be “an integrated resort atmosphere for visitors passing through Selegie or Serangoon and Little India.<\/em>”<\/p>\n

Selegie Centre is currently within walking distance of the Little India, Rochor and Dhoby Ghaut MRT stations.<\/p>\n

M. Thomas also admits that the 10-storey building needs “many repair works”.\u00a0<\/em>Thus, Peak Tower Corp’s purchase of the en bloc is “timely<\/em>” for Selegie Centre’s make-over.<\/p>\n

The marketing agent was Property Link Services.<\/p>\n

 <\/p>\n

What do you think Selegie Centre will become? Voice your thoughts in our comments section or on our Facebook community page<\/a>.<\/em><\/p>\n

 <\/p>\n

Looking for a property? Find the home of your dreams today on Singapore\u2019s largest\u00a0property portal 99.co<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Peak Tower Corp has bought Selegie Centre at its reserve price of $120 million. This is around $1,942 per square foot per plot ratio (psf ppr). Selegie Centre is a 30-year-old, integrated development in District 7, at the border of the CBD. Owners of Selegie Centre’s commercial units are expected to reap between $1 to…<\/p>\n","protected":false},"author":69,"featured_media":23908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53653,57131],"tags":[55209,53943,55365],"persona":[],"class_list":{"2":"type-post","12":"entry","13":"has-post-thumbnail"},"acf":[],"yoast_head":"\nPeak Tower Corp Buys Selegie Centre for $120 million - 99.co<\/title>\n<meta name=\"description\" content=\"Selegie Centre was sold en bloc to Peak Tower Corp at its reserve price of $120 million. 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