Sabana REIT to buy AMD’s Chai Chee Lane property for $68.2 mil in sale-and-leaseback deal
Written by The Edge
Friday, 23 August 2013 14:59
The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) said it plans to buy a property located at 508 Chai Chee Lane, Singapore 469032 from Advanced Micro Devices (Singapore) Pte Ltd for $68.2 million.
The property is a seven‐storey light industrial building with two basement storeys, located at Chai Chee Lane, off Bedok North Road and Bedok North Avenue 1. Completed on 2 December 2002 with a built‐up gross floor area of about 327,574.70 square feet, the property is a JTC leasehold estate of 30 + 29 years tenure commencing from 16 April 2001. Land area of the site is around 113,689.50 square feet, with a remaining tenure of 46.5 years.
The price comprises $59.5 million for the property as well as $7.7 million upfront land premium payable to JTC for the balance of the first term (about 17.5 years) on JTC's approval and other costs.
If the acquisition follows through, both parties will enter into a lease agreement in which Advanced Micro Devices will lease back at least 50% of the total rentable area of the property.
- wong chee tat :)
Showing posts with label Chai Chee. Show all posts
Showing posts with label Chai Chee. Show all posts
Friday, August 23, 2013
Tuesday, October 23, 2012
eCO condominium in Bedok sees strong sales
eCO condominium in Bedok sees strong sales
Posted: 23 October 2012 1400 hrs
SINGAPORE: 515 units out of the 603 units released at eCO condominium project have been sold within a month.
They were launched for sale on September 22.
The 748-unit development, located at Bedok South is a joint venture between Far East Organization, Frasers Centrepoint and Sekisui House.
The developers said all 240 two- and three-bedroom condominium units have been sold out.
Meanwhile, about half of the SOHO and suite units were snapped up, mostly by buyers aged 30 to 49 years.
In a joint statement released on Tuesday, the developers added that over 90 per cent of the buyers were Singaporeans or Singapore Permanent Residents.
And majority of the buyers are living in the Bedok, Chai Chee, Marine Parade, and East Coast districts.
Prices for units at eCo start from S$810,000 for a one-bedroom suite.
The project is estimated to be completed in 2017.
- CNA/fa
- wong chee tat :)
Posted: 23 October 2012 1400 hrs
SINGAPORE: 515 units out of the 603 units released at eCO condominium project have been sold within a month.
They were launched for sale on September 22.
The 748-unit development, located at Bedok South is a joint venture between Far East Organization, Frasers Centrepoint and Sekisui House.
The developers said all 240 two- and three-bedroom condominium units have been sold out.
Meanwhile, about half of the SOHO and suite units were snapped up, mostly by buyers aged 30 to 49 years.
In a joint statement released on Tuesday, the developers added that over 90 per cent of the buyers were Singaporeans or Singapore Permanent Residents.
And majority of the buyers are living in the Bedok, Chai Chee, Marine Parade, and East Coast districts.
Prices for units at eCo start from S$810,000 for a one-bedroom suite.
The project is estimated to be completed in 2017.
- CNA/fa
- wong chee tat :)
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