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APAC Realty closes S$72.8M deal for Singapore commercial property purchase

APAC Realty Ltd. added Sept. 10 HC Home Pte. Ltd. to its list of wholly owned subsidiaries at the completion of its S$72.8 million acquisition of a commercial property in Singapore.

HC Home's asset at 450 Lorong 6 in the city-state's Toa Payoh will be the headquarters for APAC Realty's ERA real estate agency, as announced June 5. The roughly 1,392-square-meter property that includes retail and auditorium space has a gross floor area of 4,121 square meters and a net lettable floor area of 2,597 square meters, the company added.

As of Sept. 10, US$1 was equivalent to S$1.38.