The Business Times
business-time-50

Robinson Centre close to being sold: sources

Price expected to be in the range of S$2,550-S$2,600 psf; buyer understood to be a private fund managed by ARA

google-preferred-sourceAdd BT as a preferred source
Kalpana Rashiwala

Kalpana Rashiwala

Published Mon, Dec 2, 2019 · 09:50 PM

    Singapore

    ROBINSON Centre, a 20-storey office building in the CBD, is close to being sold, BT understands.

    Market watchers expect the pricing to be around S$340 million, or in the range of S$2,550-S$2,600 per square foot based on the building net lettable area of about 132,300 sq ft. Robinson Centre is on a site with about 76 years left on its leasehold tenure.

    ara asset management

    TRENDING NOW

    Hong Kong youth no longer see a stable job and a lifetime of work as the only life goal – instead, they place greater emphasis on freedom and quality of life.

    Not in education, employment or training: Why more Hong Kong youths are opting out of work

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Buntono is accused of possessing properties that, in part, represent his benefits from income tax evasion, including a Lamborghini Aventador similar to the one pictured.

    Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering

    Labubu used to be the No 1 most searched keyword in the toys and games subcategory on Carousell, but has now dropped out of the top 100 entirely.

    Can Labubu and Pop Mart survive the future?

    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