Singapore
CITIMAC, a freehold industrial complex near Tai Seng MRT Station, is being sold for S$430.1 million, or S$1,047 per square foot of potential gross floor area (GFA).
The unit land price is inclusive of an estimated S$82 million development charge.
The collective sale was awarded over the weekend, following a tender for the property that closed on June 21.
Edmund Tie & Co brokered the deal.
When contacted, Swee Shou Fern, senior director for investment advisory at the group, declined to identify...