Altura EC is a 99-year leasehold executive condominium at Bukit Batok West Avenue 8, projected to accommodate 375 residential units; Qingjian Realty and Altura EC Santarli submitted highest bid of $266 million in tender.

now! Yangzijiang Group and its subsidiaries have signed a share purchase agreement to acquire a 100% stake in an office block located at 39 Robinson Road in the Central Business District. The Chinese company acquired the property through its 81%-owned entity Yangzijiang Realty, with Real estate company 9Co Parker and boutique investment firm ICH Singapore Holdings, taking 10% and 9% stakes respectively.

The total purchase price of the 21-storey office building is $399 million, which amounts to a per-square-foot cost of $2,357, based on its gross floor area of 169,252 sq ft. Executive Chairman and CEO of Yangzijiang, Ren Letian, explained that this acquisition not only provides the opportunity to deepen their roots in Singapore, but also serves as a good vehicle to preserve existing capital over the long term, and potentially offer stable rental cash flow.

Ren added that the focus of the company remains its core shipbuilding business, but the office block would be marketed as a financial hub, and managed by a professional real estate manager, to attract tenant profiles like institutional investors and family offices.

This is a one-off exercise for Yangzijiang group, so potential interested tenants should act soon and take advantage of this unique opportunity. The proximity of Robinson Road to the city centre provides endless amenities and services for residents, making it an even more desirable location.

If you’re looking for a new office space in Singapore’s CBD, don’t miss out on this amazing opportunity. Check out the latest listings near Robinson Road now!