Bugis Junction Tower For Sale
Bugis Junction Towers has been held since Keppel REITs listing in 2006 The sale price. Bugis Junction Towers is a 15-storey office tower located along Victoria Street facing Rochor Road.
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Keppel had owned Bugis Junction Towers since 2006 when it purchased the asset for S1595 million or approximately 1165 million in todays currency.
Bugis junction tower for sale. It is a modern fashion destination with exciting dining choices for young adults and professionals managers executives and business people. Bugis Junction Towers 230 Victoria Street Singapore 188024. It is directly linked to the Bugis MRT station via the basement and is part of an integrated development known as Bugis Junction which also comprises a retail mall and the five-star InterContinental Singapore hotel.
Bugis Junction Towers Singapore Sale Price 5475m 2200 psf Valuation as at 8 Aug 2019 5150m 2069 psf Purchase Price 1595m 645 psf4 1 Based on difference between sale price and purchase price after taking into consideration capitalised expenditures and divestment costs 2 Based on NPI for the 12 months preceding 30 June 2019. Sale price of 5475 million or 2200 psf based on the buildings net lettable area NLA. SINGAPORE Oct 1.
Second floor condo unit with small side room private bath kitch. Singapore Bugis is also popular with backpackers ie Bugis Backpackers Hostel Singapore Hotel 81 Bugis Metropole Hotel Singapore Allson Hotel new 7th storey hotel. The sale priceis 63 above the latest valuation.
The Business Times understands that Angelo Gordon a US-headquartered global alternative investment manager is doing exclusive due diligence with a view to buy the 15-storey office block above the Bugis MRT Station. Located in the heart of Singapores Civic and Cultural District Bugis Junction enjoys direct connectivity to the Bugis MRT station and is well served by major public bus services. The sale to Village Prop marks a whopping 2432 percent over the original purchase price.
Bugis Singapore is known for Shopping mainly at Bugis Village Albert Complex and Parco Bugis Junction. Bugis Junction Towers has been held since Keppel REITs listing in 2006 and has delivered asset-level returnof 19s 4 pa. Queens Tower Condo - 9229 Queens Blvd Rego Park NY.
They included the sale of Bugis Junction Towers for 5475 million to Village Prop a joint venture between US fund manager Angelo Gordon and Singapore-based investment group TCRE Partners owned by Tower Capital Asia founder Danny Koh and Y. The office block at Bugis Junction Tower has a 15-storey floor count. The sale price is 63 above the latest valuation 2 of 5150 million and 2432 above the purchase price of 1595 million in.
Of S5475 million S2200 psf is S3880 million or 2432 above the. They cover the ground floor various podium levels and even the rooftops of the towers and add up to 38 ha which is bigger than the combined footprint of the site. Over the holding period.
In a filing to SGX on Tuesday morning the manager of Keppel REIT says Bugis. Bugis Junction Tower is a prime office building located in the Central Region of Singapore on the fringe of CBD. Bugis Junction Towers has been held since Keppel REITs listing in 2006 and has delivered asset-level returns of 194 pa.
Situated on top of the East-West and Downtown MRT lines it is 30 mins from Jurong East and 40 mins from Changi Airport. The office building is situated along Victoria Street and sits atop Bugis MRT station and is near the major commercial hub at Marina Centre. As market leaders in the field we are recognised for setting the standards in the sale purchase and letting of high quality residential property in Singapore and the Asia Pacific region.
Last week Keppel Reit agreed to sell its strata ownership of Bugis Junction Towers to Village Prop for 5475 million which is 388 million more than what it paid for the property in 2006. Keppel REIT is divesting its strata ownership of Bugis Junction Towers which it has held since its listing in 2006 for a sale price of 5475 million. Superb convenience at your doorstep along with a large number of available parking lots at the office basement.
For sales transaction Bugis Junction Towers was transacted at historical high of S 0 for a 0 SQFT unit and at historical low of S 0 for a 0 SQFT unit. Completed in 1994 Bugis Junction Towers is a 15-storey Grade A office building with about a 70-year lease remaining and close to 250000 sq ft of net lettable area. The office tower for instance has its own gardens on levels 7 and 30 a 40m lap pool a 100m jogging track an event plaza and party pavilions on the rooftop of the tower with.
Bugis Junction Towers shows a promising sale and rental demand where since the completion of project there have been a total of 0 sale transactions and 0 rental transactions. Bugis Junction Towers is situated right above Bugis MRT Interchange and Bugis Junction Mall. The remaining two-thirds of investment sales in the area were of commercial buildings changing hands.
The sale price is 63 above the latest valuation of 5150 million as at Aug 8 and 2432 above the purchase price of 1595 million in 2006. Keppel REIT is expected to recognise an estimated accounting gain of some 183 million from the divestment. A SALE may be in the works for Bugis Junction Towers.
Over the holding period.
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