Maxwell House is up for sale via a second public tender at a lower reserve price of $268 million, from $295 million in its first en bloc bid in September 2020.
Located at 20 Maxwell Road, the 13-storey commercial building sits on a trapezoidal island plot spanning 41,799 sq ft, with views from all four sides of the building.
Maxwell House, built in 1971, sits on a plot with a 99-year leasehold tenure starting from 1969. The site is zoned for commercial use with a plot ratio of 4.3 under the Urban Redevelopment Authority's (URA) Master Plan 2019, appointed property consultant Cushman & Wakefield said on Wednesday (April 7).
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