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Industrial building next to Bendemeer Station fetches S$88m
Buyer likely eyeing capital appreciation of the property in the medium term, say market watchers
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Kalpana Rashiwala
Published Mon, Mar 2, 2015 · 09:50 PM
Singapore
A COMPANY linked to the Lee family that founded OCBC has sold a plum light industrial building next to the upcoming Bendemeer MRT Station on the Downtown Line, for S$88 million.
The building bears the name of the Lee family vehicle that is selling the asset - Cyberhub Holdings Pte Ltd - but the name is expected to come down when the sale is completed.
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