The reserve price is $288m.
Katong Park Towers at 114A Arthur Road will be sold en bloc with a reserve price of $288m, Cushman & Wakefield (C&W) said.
According to a press release, C&W earned the 80% consensus by share value and strata area for the tender launch.
The towers are located 200 metres from the future Katong Park MRT Station, which is slated for completion in 2023. The property is a prime 99-year leasehold residential site comprising a land area of 13,076.9 sqm.