41 Changi South Avenue 2. (Photo: Ascendas Singbridge)

Ascendas REIT has completed the disposal of its light industrial building at 41 Changi South Avenue 2.

The property has been sold to construction tools supplier, Y K Toh Marketing, for SGD13.58 million (USD9.8 million), at just 0.6% above the REIT’s original purchase price of SGD13.5 million.

To read the full article, please login or subscribe.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.