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Industrial building next to Bendemeer Station fetches S$88m

Buyer likely eyeing capital appreciation of the property in the medium term, say market watchers

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The building, which was completed in 2002 to high-tech industrial specifications, is on a 79,818 square foot site with a balance lease term of 50 years.

Singapore

A COMPANY linked to the Lee family that founded OCBC has sold a plum light industrial building next to the upcoming Bendemeer MRT Station on the Downtown Line, for S$88 million.

The building bears the name of the Lee family vehicle that is selling the asset - Cyberhub

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