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Church buys Elite Building in collective sale

The S$52m to be paid by The Tabernacle Church and Missions Ltd works out to S$1,242 psf on existing GFA

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The church plans to move its corporate office and the Asian Pastoral Institute into the six-storey Elite Building after giving it a touch-up.

Singapore

ELITE Building, a freehold six-storey property near Aljunied MRT Station, has been sold through a collective sale for S$52 million to The Tabernacle Church and Missions Limited.

The price works out to S$1,242 per square foot based on the existing gross floor area of 41,

sentifi.com

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