28 Dec '12, 5am

Goldman heads for S'pore property market exit

http://www.businesstimes.com.sg/prem...-exit-20121228 Published December 28, 2012 Goldman heads for S'pore property market exit It is expected to sell remaining stake in 16 Collyer Quay to NTUC Income By Kalpana Rashiwala [SINGAPORE] NTUC Income, which early last year acquired a 49 per cent stake in 16 Collyer Quay from Goldman Sachs, is now believed to be stitching a deal to buy out the remaining 51 per cent in the 999-year leasehold office tower from the US bank to gain full ownership of the asset. The two sides are thought to have agreed on terms, although a deal is expected to be inked only next month at the earliest. BT understands that the transaction values the office tower at around $660 million, or close to $2,400 per square foot on net lettable area of 278,356 square feet. Income's acquisition last year valued the property at about $626 million or $2,250 psf on N...

Full article: http://forums.condosingapore.com/showthread.php?p=348508#...

New: Where Will the Property Market Go in 2013?

New: Where Will the Property Market Go in 2013?

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SINGAPORE: Singapore is seeing a revival of the humble flea market. Organisers said the number of people keen to set up a ...

(TODAY) Flea markets making a comeback in S'pore

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