SINGAPORE (Apr 3): Ascendas REIT (AREIT) is selling its property on 30 Old Toh Tuck Road to Soon Bee Huat Trading for $24 million.

The property is a five-storey ramp-up logistics building with a gross floor area of 16,353 sqm and an occupancy of 86.1%. At about 19 years old, the property has a remaining lease of about 39 years.

Read more on The Edge Singapore. 

Updated on April 5, 2018. The GFA of the property should be 16,353 sqm and not as originally stated. The error is regretted.