Raffles Education Square building on sale of $200 mil

Raffles Education Square building on sale of $200 mil was reported by EdgeProp Singapore on 21 June 2023.

in District 1 in Clarke Quay. The entire premise sits on a 27,669 sq ft plot with a gross floor area of 71,111 sq ft and two basement carpark levels. Knight Frank says the property has a leasehold tenure for an unexpired term of 69 years from May 15, 1993.

Why this matters for Singapore commercial property

The listing or transaction provides a current pricing reference and a useful signal of investor demand for Singapore commercial assets. The story is relevant to businesses, landlords and investors comparing current market evidence before making leasing or acquisition decisions.

Key takeaways

• Market: Singapore commercial property investment

• Location: Singapore

• Reported benchmark: $200 mil

• News date: 21 June 2023

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Source: EdgeProp Singapore, 21 June 2023