Renesas puts Ang Mo Kio industrial site up for sale

Singapore

A "BUSINESS 2" zone site in Ang Mo Kio has been put up for sale by Renesas Semiconductor Singapore, a subsidiary of Japanese semiconductor company Renesas Electronics Corporation, which has been operating in Singapore since 1976.

The vendors are looking at a price of more than S$55 million, which works out to above S$160 per square foot (psf) on gross floor area, said Nicholas Ng, local director of investments at property services firm JLL, which has been appointed the exclusive marketing agency for the sale of the industrial asset.