13 Dec '13, 12pm

Singapore firms are buying into Australia's land for property developments...

Dec 12, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Singaporean company Chip Eng Seng has paid around AUD$45.2 million for the landmark St Kilda Road property through its Australian subsidiary CES Properties (Australia), continuing the trend of major Melbourne commercial assets being snapped up by Singaporean groups. The sale of the fully-tenanted 420 St Kilda Road in Melbourne (pictured ), which represents the second largest transaction in St Kilda Road this year, follows other recent transactions by Singaporean-listed groups such as Aspial’s purchase of 383 King Street for AUD$41.5 million, Hotel Grand Central’s purchase of 300 Flinders Street for AUD$48.5 million, and Hiap Hoe’s purchase of three separate properties for a total of AUD$177 million including a carpark and office building at 380 Lonsdale Street for AUD$43.8 million. According to Sa...

Full article: http://www.propertyguru.com.sg/en/property-management-new...

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Dec 12, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Singaporean company Chip Eng Seng has paid ar...

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