Beauty World Plaza en bloc sale relaunched with unchanged price tag of $165m

SINGAPORE (EDGEPROP) – Knight Frank Singapore today announced the relaunch of the sale of Beauty World Plaza en bloc sale by tender. Beauty World Plaza located in District 21, is a mixed commercial and residential development comprising a single block with 61 retail units and 30 residential units, with a site area of 2,305.6 sqm (approx. 24,817 sq ft).

Under the 2014 Master Plan, the Beauty World Plaza is zoned “Commercial & Residential” with a Gross Plot Ratio (GPR) of 3.0.

Beauty World Plaza en bloc sale

Image credit: Knight Frank Singapore – No development charge payable for Beauty World Plaza en bloc sale

Beauty World MRT station, which conveniently abuts the development, has full sheltered access to its entrance. Located within a 300-metre radius are supermarkets, eateries, schools, as well as a wet market. Established schools and tertiary institutions are also located close by, including Methodist Girls’ Primary and Secondary Schools, Pei Hwa Presbyterian Primary School, Ngee Ann Polytechnic and the Singapore University of Social Sciences.

Major arterial roads, as well as expressways such as the Pan-Island Expressway (PIE), Bukit Timah Road, Dunearn Road, Clementi Road and Ayer-Rajah Expressway (AYE), provide seamless connectivity to other parts of Singapore. It takes only 25 minutes via the Downtown Line, or a 20 minutes’ drive, to get to the Central Business District. Additionally, Beauty World Plaza is less than 30 minutes’ drive to Changi Airport.

The Beauty World Plaza en bloc sale price is unchanged from its previous reserve price tag of $165 million.

With no development charge payable for redevelopment to the maximum permissible gross floor area of 7,001.38 sqm, the land rate works out to S$2,189 per square foot per plot ratio (psf ppr).

Beauty World Plaza is strategically located, with key transport infrastructure and amenities in its immediate vicinity. Knight Frank previously said that an outline application for the change of use of the residential component to serviced apartments has been submitted to URA, and is pending their response.

The tender for the relaunched Beauty World Plaza en bloc sale will close on July 17, 3 pm.

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