Singapore

STARHILL Global Reit (SGReit) has divested Harajuku Secondo Property in Tokyo for 410.2 million yen (S$5.1 million), at a 22.4 per cent premium to its latest valuation.

SGReit's manager, YTL Starhill Global Reit Management Limited, said in a Singapore Exchange filing on Monday that the transacted price translates to a yield of 2.5 per cent, based on the net property income for the financial year ended June 30, 2016.