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Mercatus buys Guthrie-Lee Kim Tah stake in Jurong Point

Price of S$2.2 billion works out to S$3,343 psf on commercial NLA; deal reflects about 4.2% net yield

Fri, Apr 07, 2017 - 5:50 AM

Kalpana Rashiwalakalpana@sph.com.sg@KalpanaBT

Jurong Point's total net lettable area of 761,000 sq ft makes it Singapore's largest suburban mall.

PHOTO: FILE

Singapore

JURONG Point has been transacted at S$2.2 billion, with a sale and purchase agreement signed on Thursday. This is the biggest property investment sales deal so far this year.

Buyer Mercatus Co-operative, an NTUC social enterprise, is paying S$3,343 per square foot based...

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