Real News‎ > ‎2013‎ > ‎February 2013‎ > ‎

19 February 2013

19th February, Tuesday


Investment Sales


Six prime office units at Samsung Hub up for sale

Source: Business Times

Six strata office units have been put up for sale on the 17th floor of Samsung Hub, a 999-year-leasehold, Grade A office block on Church Street, near Raffles Place.

The units have strata areas ranging from 883 sq ft to 3,595 sq ft, adding up to 13,132 sq ft. Their absolute price quantum ranges from $3 million to $12 million.

The highest price achieved for an entire floor in Samsung Hub is $3,000 per sq ft for level 16, which spans 13,132 sq ft. It changed hands for $39.396 million last December.

The tender for the six units will close on 15 March.

Samsung Hub, which was completed in 2005, has a total strata area of 299,753 sq ft in a 30-storey office block, with a six-storey podium for 178 carpark lots.


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International Markets


Asking prices for UK homes hit five-year high

Source: Business Times

UK home sellers raised their asking prices to the most in five years in February as inquiries from potential buyers increased, a report said.

Prices sought rose 2.8 per cent from January to £235,741 (S$451,930). They increased 1.1 per cent from a year earlier.

In London, prices gained 1.2 per cent, the smallest increase for a February in four years.


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