Tender deadline for Horizon Towers pushed to 12 September

Developers asked for more time to reassess the market after the introduction of new property curbs.

The tender closing date for the en bloc sale of Horizon Towers has been extended from 7 August 2018 to 12 September 2018 (Wednesday), 3 p.m., marketing agent JLL revealed.

Horizon Towers has been launched for sale on 5 July 2018, which is also the date of the government’s announcement of new residential property market cooling measures.

“The decision was made following feedback from developers that they remain interested in the prime site but would now require more time to observe and re-assess the market going forward, re-evaluate the project in the lights of these new measures and monitor the sales of new projects,” JLL said.

The property has a reserve price of $1.1b, indicating a land rate of $1,786 psf ppr after factoring in the 10% bonus gross floor area and a lease top-up premium estimated to be in the region of $220m.

Horizon Towers can be redeveloped into a luxury development surrounded by city views. It is 150m away from the upcoming Great World MRT Station and a short 400m walk to Ngee Ann City at Orchard Road.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia