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Foreign buyer forking out S$430.1m for Citimac in en bloc sale

Price works out to S$1,047 psf ppr for the freehold property; buyer said to be linked to family from China

Kalpana Rashiwala

Kalpana Rashiwala

Published Mon, Jul 24, 2017 · 09:50 PM
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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.

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