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Property fund manager buys dormitory for S$127m
Market watchers say dormitories, even with short leases left, can be viable investments
Published Tue, Mar 17, 2015 · 09:50 PM
Singapore
PROPERTY fund manager Pamfleet Group has inked a deal to buy Homestay Lodge for slightly above S$127 million.
The dormitory of about 6,000 beds in Kaki Bukit Avenue 3 sits on two plots of land totalling about 200,000 sq ft. There are about 14 years left on the lease.
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