AI-synthesised
Tan Boon Liat Building Sold for $950M in Landmark Freehold En-Bloc Deal
Published 22 July 2026 · Covers news from 21 Jul to 22 Jul
Kingsford Havelock Pte Ltd has acquired the freehold Tan Boon Liat Building on Outram Road for $950 million, reportedly Singapore's largest en-bloc transaction of 2026. The site's raised Gross Plot Ratio of 4.9 allows for twin towers of up to 48 storeys.
- Tan Boon Liat Building on Outram Road has been sold to Kingsford Havelock Pte Ltd for $950 million, making it likely the biggest en-bloc deal in Singapore in 2026, according to Stacked Homes [3].
- The site is freehold and carries a raised Gross Plot Ratio of 4.9, which Stacked Homes reports opens the possibility of twin towers reaching up to 48 storeys on the redeveloped site [3].
- At the REDAS REMO 2026 event, panelists including Dr Cheong Koon Hean argued that zoning changes and incentive schemes alone are insufficient to transform Singapore's CBD into a genuine residential neighbourhood — pointing to deeper structural challenges in activating the area beyond office use [2].
- Stacked Homes published a market-wide analysis ranking every qualifying condo by gross rental yield using URA data, finding that the lowest-performing projects shared a common characteristic — covering unit type, land tenure, area, and five-year price growth [1].
- Three adjoining HDB shophouses in Telok Blangah have been listed for sale at $7.9 million, according to EdgeProp, offering a commercial investment option in the southern precinct [4].
Sources
- [1]We Analysed Singapore Condo Rental Yields — The Lowest-Ranking Projects Had One Thing In Common
Stacked Homes · 21/07/2026
- [2]Why Turning Singapore’s CBD Into A Real Neighbourhood Will Take More Than New Homes
Stacked Homes · 21/07/2026
- [3]
- [4]
Note: This insight was AI-synthesised from the sources above. SifuProperty does not predict prices or recommend buy/sell timing. For decisions on a specific property, talk to a CEA-registered agent. Nothing here is financial or investment advice.