Tan Boon Liat Building set for conditional S$950m sale and potential 800-home redevelopment

Tan Boon Liat Building has been sold in a conditional S$950 million en bloc deal to a unit of Kingsford Group, subject to owner and regulatory approval. If the sale proceeds, the freehold site near Havelock MRT station could be redeveloped into a mixed-use project with at least 800 homes. Analysts say the location, freehold status and redevelopment potential could attract strong demand from homebuyers and investors alike. Alxis Thng reports.