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SABANA SHARI’AH COMPLIANT REIT
42
3.8 Investment Sales
Most of the large investment sales in 2011 came from the industrial GLS program.
Table 1.7 lists some major industrial investment sales in 2011.
Table1.7
Major Industrial Investment Sales (2011)
Property/Location
Purchaser
Vendor
Tenure
GFA (sq ft)
Price
($ million)
Price (per
sq ft GFA)
Type of Area
Q1 2011
Mandai Estate
Lian Beng-Centurion
(Mandai) Pte. Ltd.
Unknown Freehold 503,606 67
$133.04 Land
Ang Mo Kio Street 62 Sim Lian Group
URA
60 years 752,200 128.1
$170.34 GLS
Q2 2011
8/8A Biomedical Grove Ascendas REIT
Ascendas
(Tuas) P/L
30+30
years
(from Feb
2005)
397,522 125.6
$315.96 Land
Woodlands Avenue 12
(Parcel 2)
OKH Development
Pte. Ltd.
URA
60 years 554,231 84.24
$152.00 GLS
Q3 2011
Kallang Basin 7, Kolam
Ayer 3, Kolam Ayer 4,
Tai Seng
Soilbuild Group
JTC
46 years 1,925,167 288.33 $149.77 JTC
divestment
exercise
Kallang Basin 1,
Kallang Basin 2,
Kallang Basin 3,
Bedok, Kampong Ubi
Mapletree Industrial
Trust
JTC
46 years 2,758,260 400.3
$145.13 JTC
divestment
exercise
Woodlands Avenue 12
(Parcel 3)
OKH Development
Pte. Ltd.
URA
99 years 505,903 71.84
$142.00 GLS
Q4 2011
Kaki Bukit Road 4/
Bartley Road East
NSS Properties Pte.
Ltd.
URA
30 years 558,875 66
$118.09 GLS
Gambas Avenue/
Gambas Crescent
Hock Lian Seng
Holdings Ltd
URA
60 years 576,590 78.17
$135.57 GLS
Lavender Street/
Kallang Ave
PLC 8 Development
Pte. Ltd.
JTC
60 years 915,405 218.3
$238.47 GLS
Corporation Place
Ascendas REIT
Corporation
Place
Limited
60 years
(from 1
Oct 1990)
820,048 99
$120.72 Land
7000 Ang Mo Kio
Avenue 5
Unknown
Unknown 32 years
(from 30
Jan 1995)
628,956 91.5
$145.48 Land
Source: JTC, URA, SGX, DTZ Consulting, February 2012
Independent Market Study
by DTZ Debenham Tie Leung (SEA) Pte Ltd
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