Paramount Hotel & Shopping Centre has been sold to Orchard Mall for S$214 million. This is the biggest collective sale in the commercial property market this year. The site comes up to nearly 102,000 square feet and has a gross plot ratio of up to 3.0 Jones Lang LaSalle, manager of the sale, said the freehold site has a potential gross floor area of up around 308,000 square feet. This works out to...
