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Perennial-led consortium may put AXA Tower on the market

En bloc price of no less than S$1.65 billion translates to S$2,150 psf, on total strata area of 767,358 sq ft

Published Mon, Jul 31, 2017 · 09:50 PM
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Singapore

A CONSORTIUM led by Perennial Real Estate Holdings Limited is considering an en bloc sale of AXA Tower at no less than S$1.65 billion.

This translates to S$2,150 per square foot (psf) based on the total strata area of about 767,358 sq ft after an asset enhancement initiative (AEI), Perennial said on Monday.

This sale consideration "follows the receipt of …

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