Union Investment puts VisionCrest Commercial on market; guide price above S$470 million
Price works out to S$3,157 psf on net lettable area and S$3,038 psf on strata area for 11-storey freehold building along Penang Road
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE property unit of German asset manager Union Investment is putting on the market VisionCrest Commercial along Penang Road.
The guide price for the 11-storey predominantly office freehold building is in excess of S$470 million, reflecting S$3,157 per square foot (psf) on the net lettable area of 148,854 sq ft.
On the strata area of 154,711 sq ft, S$470 million works out to S$3,038 psf. The strata area comprises 149,652 sq ft of offices and 5,059 sq ft of retail space. The office space is on levels 2 to 11 (with one strata title per floor). The retail space, on level 1, comprises 11 strata units.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
