By: timothy.tay@edgeprop.sg | Posted on: Dec 12, 2019

Straits Trading to sell four residential properties in Osaka for $103 mil

SINGAPORE (Dec 11): The Straits Trading Company, through its subsidiary, Straits Real Estate (SRE), is selling four residential properties, located in Central Osaka, Japan, for a total consideration of JPY 8.25 billion ($103.2 million), the company reported on Wednesday.

The sale will see the group book a gain of JPY 890 million ($11.1 million).

The properties, namely Luxe Taisho, Luxe Shin Osaka, Luxe Dome Mae and Splendid Namba II, are freehold residential rental properties comprising a total of 516 units.

Read more on The Edge Singapore


Source: https://www.edgeprop.sg/property-news/straits-trading-sell-four-residential-properties-osaka-103-mil?utm_source=Facebook&utm_medium=article&utm_campaign=Echo


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