Tan Boon Liat Building Sold to Kingsford Group for S$950 Million

Tan Boon Liat Building sold en bloc to Kingsford Group at lower reserve price of $950 million

This likely represents the largest collective sale transaction in Singapore so far in 2026. Read more at straitstimes.com.

Simplifying the Tan Boon Liat Building "Sale" & Why People Are Talking About It

Tan Boon Liat Building, one of Singapore’s best-known furniture hubs, has been conditionally sold en bloc for S$950 million to Kingsford Havelock, a company under Kingsford Group. According to marketing agent Cushman & Wakefield, it is likely Singapore’s largest collective sale transaction so far in 2026. However, the word “sold” needs a small asterisk beside it. The deal is not fully completed yet, and the furniture shops are not being chased o…

Tan Boon Liat Building in Outram sold to Kingsford Group for $950m

Tan Boon Liat Building, a freehold industrial property in Outram, has been sold en bloc to a Kingsford Group unit for $950 million.The latest collective sale tender was launched after more than 80 per cent of owners agreed to a reduced reserve price of $1 billion. The tender closed on May 12.The sale price is 5 per cent below the $1 billion reserve price. The building was first launched for collective sale in February 2025 with a reserve price o…

Tan Boon Liat Building sold to Kingsford Group for S$950 million

The freehold site could be turned into a residential and commercial development of up to 48 storeys, potentially comprising twin towers.

Singapore's biggest en bloc sale of 2026 sees Tan Boon Liat Building sold for S$950 million

SINGAPORE: Tan Boon Liat Building has been sold in a collective sale to Kingsford Havelock Pte Ltd, a unit of Kingsford Group, for S$950 million, in what is expected to be Singapore’s largest en bloc transaction so far this year. Cushman & Wakefield, which acted as the property’s exclusive adviser and marketing agent, said the deal marks the biggest collective sale completed in 2026 to date. The 15-storey freehold industrial warehouse and showro…

Tan Boon Liat Building sold to Kingsford Group for $950m

Tan Boon Liat Building has been sold en bloc to Kingsford Havelock Pte Ltd for $950m.