27 Aug '14, 2pm

Seven industrial units in Bukit Merah put up for sale, Singapore Property News, Singapore Property Guides & Articles

A TENDER exercise has opened for seven industrial units at Kewalram House in the Bukit Merah Industrial Estate, agent JLL announced on Monday. The tender will close at 2.30 pm on Sept 25. Bidders may tender for any or all of the units. The offering comprises two units of 3,100 square feet and 4,300 square feet on the ground floor that can be used for warehouse or factory space, and five units on the third floor that range from 2,100 sq ft to 2,400 sq ft. The total floor area of the units is 18,800 sq ft. There are just over 45 years left on the tenure of the 99-year leasehold properties. Six of the units are currently tenanted, with a gross yield of about 5 per cent, JLL national director for investments Yong Choon Fah said. The vendors are hoping for offers of more than S$10 million for all seven units, or north of S$620 per square foot for the ground floor units and S$48...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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New: Singapore Property News This Week #170

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