PGIM Real Estate close to deals at 108 Robinson Road
The firm’s Asia-Pacific head says the office market in Singapore continues to be strong despite companies restructuring and cutting costs
Add BT as a preferred source
PGIM Real Estate has received firm offers and is close to sealing deals on two floors at 108 Robinson Road, since it began selling strata office space at the downtown office building in March.
“The freehold tenure of the building has received strong interest from discerning small businesses, private wealth and family offices who are keen on long-term wealth preservation,” a PGIM Real Estate spokesman told The Business Times (BT).
Three floors of the freehold building – levels 5, 6 and 8 – were put up for sale at a guide price of S$18.2 million per floor, or about S$3,850 per square foot (psf). Each of the three office floors is about 4,800 sq ft in size.
TRENDING NOW
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus
Xi Jinping has just rewritten the rules of US-China rivalry
Singapore shipping veteran Teo Siong Seng and other container firm execs accused of price fixing in US
