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
Add BT as a preferred source
[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.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Lazada cuts about 5% of workforce as part of review across South-east Asia markets
Singtel sells S$1 billion in Gulf Development shares
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
