Altallo Asset Management inks option to buy 158 Cecil Street for S$175 million

[SINGAPORE] An entity linked to Altallo Asset Management has entered into a put and call option agreement for the purchase of 158 Cecil Street for S$175 million.

The price works out to S$1,541 per square foot (psf) on the 14-storey building’s net lettable area of about 113,540 sq ft.

The property is on a site with a 99-year leasehold tenure from January 1982, which leaves a balance of about 55 years.