Ascendas REIT is presently still weighing its options with regards to the property that was previously occupied by a subsidiary of embattled water treatment company, Hyflux Limited.

In response to questions from REITsWeek, the manager of Ascendas REIT confirmed that the property, 202 Kallang Bahru, has been 100% vacated by the Hyflux subsidiary.

The property, which was previously known as Hyflux Building, was acquired by Ascendas REIT in 2005 for SGD19 million.

Missing out on information beyond mainstream media reports?
Login or sign-up for a free 25-day trial here.

Full access to all editorial materials
Unlimited access to our seminars and classes
Site visit activities

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.