The sale will be closed on 24 March 2023.
A portfolio of 12 retail units in the Royal Square mixed-use development were put on sale with a guide price of $1.2m onwards, with the entire portfolio’s asking price at $28m, Savills said.
In a statement, Savills said the retail units are a mixed-use development located in Novena District 11.
Savills also revealed that the sale will be conducted through an expression of interest exercise that ends on 24 March 2023.
The development is situated near the Health City Novena, Singapore’s largest healthcare complex.
The retail units have immediate rental income potential for investors and can be occupied by end-users in the midterm.