Thursday, January 30, 2014

Singapore Commercial Property Related

Alpha Investment Partners - Unit of Keppel Land, interested in Japan properties

Robinson Road commercial property price $2,300psf (Finexis Building), with yield at 2%, quantum S$110m.

Seller: Buxani Group, advised by CMG (Capital Management Group).
Buyer: Sin Capital, started by David Sin, former AIG and GS staff.

Property was valued at $48m in 2006.

Buxani still owns Thong Sia Building (bought at S$120m from Raffles Medical), 3 floors of Samsung Hub and 26 strata office unit in Parkway Centre (Marine Parade Central) and Katong Junction (bought for S$55m in 2012).

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