137 Cecil Street being sold to Shanghai buyer

Singapore

IN what is likely to be the second transaction of an office block in the past six weeks, a sale of 137 Cecil Street is being stitched, said sources.

The transaction is said to be through the sale of shares in the company that owns the freehold building. Pricing details are not clear, but seller Cheong Sim Lam was understood to have asked for S$220 million.

Talk in the market is that about a month ago, th…