Thye Hua Kwan entities granted options to buy 2 office floors at Solitaire on Cecil for S$103.2m
Investing in freehold prime S’pore offices aimed at providing sustainable rental income to the charities; purchases subject to regulatory nods
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THREE entities affiliated to the Thye Hua Kwan (THK) Group of Charities are in the early stage of buying two office floors at the freehold Solitaire on Cecil for about S$103.2 million.
The THK entities are buying Levels 10 and 14 in the 20-storey development that will come up on the former PIL Building site. The predominantly office project, at 148 Cecil Street, is slated for completion around 2027.
Options to purchase the two office floors, each comprising eight strata units totalling 12,465 sq ft, were granted to the THK entities in late April.
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