Straits Trading to buy 3 apartment buildings in Tokyo for 3.08 billion yen

Singapore

MAINBOARD-LISTED Straits Trading Company is looking to acquire three freehold apartment buildings in Tokyo, Japan, for a total of 3.08 billion yen (S$39.5 million).

Two of its Japanese subsidiaries, Residence 4 GK and Residence 5 GK, have inked conditional purchase and sale agreements to buy the 100 per cent trust beneficiary interests of the three residential properties, Straits Trading said on Thursday night.