The Business Times
SUBSCRIBERS

Far East Organization sells Tuas logistics warehouse building for S$120.6m

Separately, entity linked to Crescendas Group buys 6 shophouses in Geylang for S$42.55m from family of late property and hotel magnate Wee Thiam Siew

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Dec 14, 2022 · 05:50 AM
    • Enterprise Logistics Centre, which stands on about 319,620 sq ft of land; is part of a larger site of 1.04 million sq ft that Far East clinched at a state land tender conducted by URA in 1995.
    • The properties at 311 to 321 Geylang Road have a combined land area of 9,792 sq ft. Four shophouses have two storeys; the remaining two each have two storeys and an attic.
    • Enterprise Logistics Centre, which stands on about 319,620 sq ft of land; is part of a larger site of 1.04 million sq ft that Far East clinched at a state land tender conducted by URA in 1995. PHOTO: GOOGLE MAPS
    • The properties at 311 to 321 Geylang Road have a combined land area of 9,792 sq ft. Four shophouses have two storeys; the remaining two each have two storeys and an attic. PHOTO: SAVILLS SINGAPORE

    THINGS may have generally quietened on the property investment sales front with the year-end holiday season, but there are still some mid-sized deals taking place.

    Far East Organization is understood to be selling a ramp-up logistics warehouse building in Tuas for S$120.6 million to a Singapore unit of Hong Kong-based Intex Development Company. Intex distributes airbeds, above-ground pools, air furniture, sporting goods, floats and toys, says its website.

    Geylang draw

    Over in Geylang Road, an entity linked to Lawrence Leow’s Crescendas Group is buying six adjoining freehold shophouses from a company controlled by the family of the late property and hotel magnate Wee Thiam Siew for S$42.55 million.

    Commercial & IndustrialshophousesSingapore propertySingapore commercial property

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    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