SINGAPORE PRESS-Deal brewing for Straits Trading building - Business Times

Mon Aug 25, 2014 8:33pm EDT

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Amid the quiet investment sales market this quarter, a major office deal is brewing.

Advanced discussions are believed to be going on for the Straits Trading Building, a landmark 999-year leasehold office tower in Battery Road.

The price is understood to be slightly above S$2,800 ($2,238) per sq ft based on the net lettable area of about 159,000-plus sq ft, which would translate to a transaction size of about S$450 million.

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. (1 US dollar = 1.2512 Singapore dollar) (Reporting by Singapore Newsroom; Editing by Subhranshu Sahu)

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