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News Release

Singapore

Opportunity to purchase a prominent freehold building with frontage along Geylang Road and three office units at International Plaza

Sale by Tender closing on 16 November (Tuesday) at 3pm


SINGAPORE, 11 October 2010 – Sole Marketing Agent Jones Lang LaSalle has put up for sale by tender a portfolio comprising of a prominent freehold building with double frontages along Geylang Road and three office units at International Plaza.

The freehold building along Geylang Road comprises of 5 adjoining refurbished shophouses that enjoys double frontages onto Geylang Road and Lorong 10 Geylang. The eventual owner will have naming rights to the building. The 3-storey with attic building sits on a land area of approximately 7,411 sq ft, a built up area of approximately 21,349 sq ft and has 7 carpark lots.

Ms Stella Hoh, National Director and Head of Investments at Jones Lang LaSalle, comments “This is a rare opportunity to acquire a prominent building with prime frontage along main Geylang Road. In particular, this is an ideal opportunity for investors as the building will be sold with tenancies.”

The three office units which comprises two units of 936 sq ft and one unit of 2,357 sq ft units located within International Plaza which is above Tanjong Pagar MRT Station. It provides the buyer with the opportunity to acquire three adjoining strata office units with rental yield.

“This offering provides the winning bidder the opportunity to acquire affordable strata office units located in the Central Business District,” Ms Hoh added.

Bidders can choose to bid for the entire portfolio or for individual properties. The tender will close at 3pm on 16th November (Tuesday) 2010.