🔥 Trending Tan Boon Liat Building Sold for S$950 Million: What You Need to Know
The Tan Boon Liat Building is a 15-story, freehold industrial warehouse and showroom located in Singapore, known for housing numerous furniture and lifestyle stores 1810. Originally built in 1976, it stands as one of the last physical reminders of the Singapore River's industrial past, occupying a site that was once a collection of godowns (warehouses) owned by Tan Boon Liat & Co. Ltd 12. The building is named after Tan Boo Liat (1875-1934), a prominent Singaporean philanthropist and the great-grandson of Tan Tock Seng 4.
Why It's in the News
The Tan Boon Liat Building has recently been in the news due to its collective sale (en bloc sale) to the Kingsford Group for S$950 million 567. This transaction, which concluded with a lower reserve price, is considered one of the largest collective sale deals in Singapore for 2026 69.
Key Details of the Sale
- Buyer: Kingsford Group (specifically Kingsford Havelock Pte Ltd, a unit of Kingsford Group) 5710.
- Sale Price: S$950 million 57.
- Previous Tender: The building was initially put up for public tender on February 3, with a minimum asking price of S$1.15 billion, and the tender closed on March 18 2. The final sale price reflects a lower reserve price 9.
- Owner Agreement: A significant majority of the owners, 128 in total, agreed to sell their combined 118 units, representing 83.92% of the strata area 3.
- Future Plans: The freehold site has the potential to be redeveloped into a residential and commercial complex, possibly featuring twin towers up to 48 storeys high 56. This redevelopment is expected to reshape the Havelock and Zion Road area of Singapore 6.
- Historical Context: The site's history includes a fire in November 1961 that destroyed the original two-story godowns, leading to the eventual construction of the current building 1.
The sale signifies a major development for the area, transitioning a long-standing industrial and retail hub into a potential new residential and commercial landmark 56.
Sources
- 1Tan Boon Liat — Modernist Building in Singapore — Docomomo Singapore docomomo.sg
- 2Tan Boon Liat Building: From its unusual beginning to an uncertain ... straitstimes.com
- 3Owners set for windfall if Tan Boon Liat Building sale goes through ... straitstimes.com
- 4Tan Boo Liat - Wikipedia en.wikipedia.org
- 5Tan Boon Liat Building sold to Kingsford Group for S$950 million channelnewsasia.com
- 6Tan Boon Liat Building Sold 2026's Biggest En Bloc Deal tracygoh.sg
- 7Tan Boon Liat Building sold to Kingsford Group for $950m sbr.com.sg
- 89 Popular Tan Boon Liat Building Furniture Shops homeanddecor.com.sg
- 9Tan Boon Liat Building sold en bloc to Kingsford Group ... - 商业时报 businesstimes.com.sg
- 10Tan Boon Liat Building sold to Kingsford Group unit for $950 million theedgesingapore.com
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