SINGAPORE (Dec 22): The manager of Ascendas REIT (A-REIT) is divesting 84 Genting Lane to corporate gifts firm Axxel Marketing for S$16.68 million, which represents a 66.8% premium to the property’s original purchase price of S$10 million.
The market valuation of the property at end-March this year was S$15.8 million based on the valuation conducted by Knight Frank.
84 Genting Lane is located in an industrial estate bounded by...(click on link for full story on theedgesingapore.com)