28 Jan '13, 11am

Commercial property in Changi up for tender

http://www.businesstimes.com.sg/prem...ender-20130128 Published January 28, 2013 Commercial property in Changi up for tender Freehold 4-storey building on 18,000 sq ft plot expected to fetch over $62m By ong chor hao A FREEHOLD commercial property at the corner of Changi Road and Lorong 105 Changi has been put up for sale by tender. No 160 Changi is offered for sale on a vacant possession basis, said its marketing agent Savills. This came after its owner, AIA Singapore, shifted operations that used to be housed there up until late last year to its other properties in Singapore. "Freehold commercial sites are hard to come by and developers are always on the lookout for an opportunity such as this," said Steven Ming, deputy managing director and head of investments at Savills Singapore. He expects the property to fetch in excess of $62 million. No 160 Changi is currently a 4...

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