The Business Times
business-time-50
SINGAPORE PROPERTY
·
SUBSCRIBERS

DFI puts its last 2 Singapore properties up for sale at S$48.5 million

These comprise 8 retail units at Siglap V and a Toa Payoh retail unit; group says it is committed to growing Singapore retail operations

google-preferred-sourceAdd BT as a preferred source
Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, Apr 18, 2024 · 05:00 AM
    • DFI will enter into a long leaseback arrangement for the 10,624 sq ft space at Siglap V, allowing CS Fresh and Guardian to continue operating there.
    • DFI plans to close the Giant supermarket at Block 181 Lorong 4 Toa Payoh by the end of this year, subject to the successful sale of the 9,731 sq ft HDB retail unit it is operating out of.
    • DFI will enter into a long leaseback arrangement for the 10,624 sq ft space at Siglap V, allowing CS Fresh and Guardian to continue operating there. PHOTO: JLL
    • DFI plans to close the Giant supermarket at Block 181 Lorong 4 Toa Payoh by the end of this year, subject to the successful sale of the 9,731 sq ft HDB retail unit it is operating out of. PHOTO: JLL

    DFI Retail Group has put its last two Singapore properties on the market – eight freehold strata retail units at Siglap V, and an HDB retail unit in the Toa Payoh Central area.

    The total guide price for the two assets is S$48.5 million, though potential buyers can make offers for one or both properties. JLL has been appointed the exclusive marketing agent to conduct an expression of interest (EOI) exercise for the properties.

    The eight adjoining freehold retail units at Siglap V have a guide price of S$32 million, which works out to S$3,012 per square foot (psf) based on the total strata area of 10,624 sq ft.

    Singapore propertyDFI Retail GroupCommercial & IndustrialJLL

    TRENDING NOW

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    More than 95% of Seatrium's net order book comprises "series-build" projects.

    Seatrium eyes S$28 billion in project opportunities amid global race for energy security

    China has launched the biggest shake-up of its cross-border tax system in decades, threatening three popular brokers with at least US$330 million of penalties.

    China targets offshore billions in biggest crackdown in decades

    Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan.

    Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More