SUBSCRIBERS
Building in Kallang Industrial Estate put up for sale
Published Mon, Mar 31, 2014 · 10:00 PM
THE light industrial building at 12 Kallang Way is up for sale, with the current owner expecting offers exceeding $25 million.
The five-storey development sits on a 51,264 sq ft leasehold site with 34 years remaining in its lease term.
The asking price works out to approximately $213 per sq ft on the building's 116,940 sq ft gross floor area (GFA), which has not maximised its 2.5 plot ratio.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand