trending Market Intelligence /marketintelligence/en/news-insights/trending/dnYEOx9wcPaIfCzr6w0NrA2 content esgSubNav
In This List

City Developments launches tender for sale of Singaporean industrial complex

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


City Developments launches tender for sale of Singaporean industrial complex

City Developments Ltd. commenced a public tender exercise for the collective sale of Citimac Industrial Complex in Tai Seng, Singapore, with a price tag of at least S$430 million, The (Singapore) Business Times reported.

The 1.3-hectare freehold redevelopment site has a gross plot ratio of 3.5 and is zoned "Business 1-White" with the "white" component offering a mixed-use space.

The property's marketing agent Edmund Tie & Co. SEA expects to yield a maximum gross floor area of 489,262 square feet from the development, with at least 349,473 square feet dedicated for Business 1 use and the remaining 139,789 square feet deployed for "white" use, according to the May 31 report.

The tender exercise will end at noon on July 21, the report noted.

As of May 30, US$1 was equivalent to S$1.39.