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COMMERCIAL PROPERTY | Staff Reporter, Singapore
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CDL sells 2 Jalan Besar commercial properties for $13.8m

They have a combined site area of 3,230 sqft and a gross plot ratio of 3.0.

Two Jalan Besar commercial properties were sold for $13.8m by City Developments Limited. Both were purchased by Hwa Hwong subsidiary Global Trade Investment (GTI) Management, an announcement revealed.

In total, the freehold tenure sites have an area of approximately 3,230 sq ft. Both are also with commercial zoning and with a gross plot ratio of 3.0.

The properties are accessible to Farrer Park and Jalan Besar MRT stations. Only a short drive away from the central business district, both properties are closely located to City Square Mall and Little India.

JLL launched the Express of Interest Exercise (EOI) for the properties in 23 April.

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