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Shanghai buyer completes 137 Cecil Street purchase

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Kalpana Rashiwala

Kalpana Rashiwala

Published Mon, Nov 30, 2015 · 09:50 PM

    Singapore

    THE sale of 137 Cecil Street to a businessman from China was completed on Monday. The deal was through the sale of shares in the company that owns the freehold office block and values the property at S$210 million, BT understands.

    The sale involves a leaseback deal with the seller, Cheong Sim Lam, for a period of at least two years.

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