Friday, April 5, 2013

Pavilion Square retail unit fetched a record sale price

Singapore Business Review
COMMERCIAL PROPERTY | Staff Reporter, Singapore
Published: 02 April 2013

All 93 retail units snapped up in one day.

According to Colliers International, towards the end of March, all 93 retail units in Pavilion Square, a mixed development in Geylang Road, were snapped up in one day, with prices ranging from S$2,000 per sq ft to a whopping S$10,879 per sq ft.

Colliers notes that the top price that was achieved for a 118-sq-ft unit on the ground floor is a record for a retail unit outside the city and the Orchard Road shopping belt.

Pavilion Square is a freehold development expected to receive TOP in two years.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)

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