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Mercatus close to sealing Jurong Point purchase

The NTUC co-op is expected to pay S$2.2b or S$3,343 psf. Net yield works out to 4.2%

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Market watchers expect Mercatus to try and buy out minority owners DBS and Golden Village's space in Jurong Point to gain full ownership in Singapore's biggest suburban mall.

Singapore

IN THE biggest property investment sales transaction so far this year, Mercatus Co-operative, an NTUC social enterprise, is close to sealing a deal to buy Jurong Point for S$2.2 billion, BT understands. The price reflects a net yield of about 4.2 per cent. It also translates to...

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