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Top Global is case study why firms should be made to sell their investment properties before going private

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Leslie Yee

Leslie Yee

Published Thu, Jun 1, 2023 · 05:50 AM
    • Monetising of Top Global's units at 15 Scotts Road should have taken place while the group was a public-listed entity.
    • Monetising of Top Global's units at 15 Scotts Road should have taken place while the group was a public-listed entity. PHOTO: CUSHMAN & WAKEFIELD

    TOP Global has been busy selling strata units at 15 Scotts Road (previously called Thong Teck Building) post its delisting from the Singapore Exchange in August 2021.

    Most recently, it has put up for sale two strata ground floor retail units, with a combined strata area of around 6,437 square feet (sq ft), at 15 Scotts Road – a District 9 freehold nine-storey commercial building located near the Tanglin Club.

    Marketing agent Cushman & Wakefield said that the indicative price is S$38.8 million for the two units, or around S$6,000 per square foot (psf). The current tenants are a luxury home interior decor brand and a premium spa facility.

    Singapore propertyCommercial propertySingapore commercial propertytop globalDelistingsCorporate governanceHock Lock Siew

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