Acquired for S$38 million, the corner freehold commercial building (Located at 291 Serangoon Road, Singapore 218107) is a 3-minute walk from Farrer Park MRT station and situated near City Square Mall and Farrer Park Hospital.

The freehold commercial building is 6-storey high with a basement carpark and has a gross floor area of 506.8 square meters. The Company plans to redevelop the freehold commercial building to improve building efficiency and increase net lettable area.

The Company intends to hold this property as an investment and expects to enjoy significant capital appreciation on this property and/or rental income earned from the tenants of the property.

Read the full press release here: https://links.sgx.com/FileOpen/RGL%20-%20Completion%20of%20Acquisition%20Announcement.ashx?App=Announcement&FileID=880866