05/10/2021
Beauty World is set to undergo an exciting makeover that will transform the precinct into a green urban village, bringing a new lease of life to the area.
A key catalyst of this rejuvenation will be the upcoming commercial and residential development in Jalan Anak Bukit. It was awarded via a dual-envelope tender system to a joint consortium comprising of Far East Organization and Sino Group in August 2021. We placed the highest bid of $1.028 billion, which works out to a land rate of $989.4 psf per plot ratio.
With a maximum gross floor area of 96,551 sqm (about 1.04 million sqft), up to 20,000 sqm (about 215,000 sqft) can be devoted to commercial uses. In addition, the site can potentially yield 845 new residential units.
