Hwa Hong to divest its largest Singapore asset, OneTen Paya Lebar, for $160 mil and reinvest abroad

Hwa Hong to divest its largest Singapore asset, OneTen Paya Lebar, for $160 mil and reinvest abroad was reported by EdgeProp Singapore on 14 September 2023.

OneTen Paya Lebar is on the market for $160 million, or $1,029 psf based on gross floor area.

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: Paya Lebar

• Reported benchmark: $160 mil

• News date: 14 September 2023

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Source: EdgeProp Singapore, 14 September 2023