Cityvibe in Clementi sold for S$71m to Zhao family from China
Price reflects a net yield of slightly over 4 per cent based on existing leases in the four-storey building
Kalpana Rashiwala
Singapore
CITYVIBE, a four-storey commercial building near Clementi MRT Station, has been sold in a deal that values the property at S$71 million, BT understands.
The property is on a site with a balance lease term of about 60.5 years.
TRENDING NOW
China Investment Corp, PGIM’s 50% stake in Nex mall up for sale; asking about S$1.2 billion
Higher rates, weaker spending: Is the Philippines entering stagflation?
Singapore tech stocks plunge as Nasdaq bloodbath spills into region
OCBC wealth clients turn defensive amid market volatility as Q3 profit rises 3%