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.
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)