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China Life Insurance, Haitong Securities doing due diligence on One George Street

Its price is expected to exceed S$2,500 psf, or over S$560m assuming a half-stake is offered

The 23-storey property was valued at S$1.012b or S$2,262 psf as at June 30. It is on a site with 85 years left on its lease.


ONE George Street, owned by CapitaLand Commercial Trust (CCT), is back in play, and The Business Times understands that two parties are carrying out due diligence on the property - China Life Insurance and Haitong Securities.

Sources told BT that CCT was prepared to...

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