Bugis Junction Towers put on the market at S$685 million valuation
This works out to S$2,750 psf on net lettable area and a net yield of around 3.5% for the fully let office asset
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[SINGAPORE] The TPG Angelo Gordon-led consortium that owns Bugis Junction Towers is understood to be fielding interest for the 15-storey office building.
The guide price is said to be S$685 million, in line with the recent valuation of the office asset, which is above the Bugis MRT station.
This works out to about S$2,750 per square foot (psf) based on the net lettable area (NLA) of nearly 250,000 sq ft.
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