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SINGAPORE PROPERTY

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

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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

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