Far East buys Ubi industrial property at $22.5 mil

By Angela Teo
/ EdgeProp |
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On Oct 5, Far East Group entered into a sale and purchase agreement with Moduslink, a subsidiary of Moduslink Corporation, for the acquisition of an Ubi Avenue 3 industrial property at $22.5 million.
Zoned for “Business 1” use under the 2014 Master Plan, the property has a gross floor area of 167,692 sq ft and a leasehold tenure of 60 years from Jan 1, 1990.
Far East will then lease back the entire third floor of the Ubi Avenue 3 property, which spans 75,000 sq ft, to Moduslink at $135,000 per month.
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Listings for industrial property
Price trend for industrial property sales
Past Industrial sale transactions
Compare price trend of Commercial vs Industrial properties
Past Industrial rental transactions
Listings for industrial property
Price trend for industrial property sales
Past Industrial sale transactions
Compare price trend of Commercial vs Industrial properties
Past Industrial rental transactions

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