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Cityvibe in Clementi sold for S$71m to Zhao family from China

Price reflects a net yield of slightly over 4 per cent based on existing leases in the four-storey building

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Analysts say the new owner could achieve a higher average rent in the building by subdividing bigger floor plates into smaller units.

Singapore

CITYVIBE, a four-storey commercial building near Clementi MRT Station, has been sold in a deal that values the property at S$71 million, BT understands.

The property is on a site with a balance lease term of about 60.5 years.

Under the transaction, which was