Here is the biggest private commercial deal yet in 2013

It was sold for $454m.

According to Colliers International, the commercial sector also saw the conclusion of several noteworthy deals involving completed buildings. The biggest commercial deal, which is also the largest private deal this year, was the sale of a 25% equity stake in the 99-year leasehold, Jem.

Located adjacent to the Jurong East Mass Rapid Transit (MRT) Station, the retail-office development was sold by Lend Lease Corporation to Lend Lease Jem Partners Fund for $454.00 million (assuming a gearing ratio of 50% and the price for the equity portion of 25% at $227.00 million).

"This reflects a blended rate of $2,022 per sq ft based on Jem’s total net lettable area of about 898,000 sq ft.," Colliers International said.

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