Tekka Place on the market, with S$450 million asking price
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Other retail, hospitality assets being made available include lyf Farrer Park, Rivervale Mall and i12 Katong, amid visibility of interest rate cuts
A BUMPER crop of retail and hospitality assets in Singapore is being offered in the market, with sellers more confident of finding buyers, now that there is light at the end of the tunnel in terms of lower borrowing costs.
These assets include Tekka Place, a mixed-use retail and serviced apartment complex owned by a joint venture (JV) between Lum Chang Holdings and LaSalle Investment Management.
The Business Times understands that the JV has appointed CBRE, JLL and Knight Frank to help find a buyer for the asset, which is on a site with a balance lease term of about 71.5 years.
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