Commercial property

The 20-storey office building has 90% committed occupancy across 305,000 sq ft of net lettable area

An asset enhancement initiative is slated to start in Q2 2027 and be completed by end-2029

The price tag translates to a land rate of S$1,124 psf ppr on land area of 28,700 sq ft

Group CEO Lee Yeow Seng aims to challenge the wealthy clans dominating Singapore’s property market 

The price is a 53.8% premium over the building’s latest valuation of 4 billion yen

The manager adds there is no certainty that the transaction will materialise following the joint bid

It has held talks with banks to put four of its office parks into a real estate investment trust, they add

Labour constraints, complex supply chains and rising costs are driving demand for these kitted-out facilities 

URA receives six applications for hotel use in the Upper Circular Road street block and one in Beach Road