The Straits Trading Discloses Valuation of Real Estate Assets

MT Newswires08-13

The Straits Trading (SGX:S20) has released the valuation of its real estate assets as of June 30, according to a Monday filing on the Singapore Exchange.

The valuation for Singapore properties includes a townhouse at 13 Woollerton Park, Gallop Green, valued at SG$8.2 million, and two other properties at 8 & 8A Cable Road at SG$66.5 million, and at 10/10A/10B Nathan Road at SG$105.5 million.

In Malaysia, the valuation includes shop offices at Taman Selat, Butterworth valued at 7.3 million ringgit, lands in the District of Kinta, Perak and District of Seremban, Negeri Sembilan at 17.6 million ringgit, and the retail podium of Crowne Plaza Penang Butterworth Straits City at 16 million ringgit.

Australian assets are valued at AU$67.8 million for an office building at 45 St Georges Terrace, Perth, and AU$407.4 million for various industrial facilities and land.

In China, the retail mall at No. 186 Tongjiang Avenue, Chongqing is valued at 775 million yuan.

The United Kingdom valuations include office buildings at Bourne Business Park, Addlestone valued at 59.6 million pounds and an office and industrial facility and land at Gloucester Business Park valued at 89.9 million pounds.

In Korea, the logistics center at San 11-4, Sanjeong-Ri, Anseong-Si is valued at 241 billion South Korean won.

The company has a total of 21 real estate assets as of June 30.

Price (SGD): S$1.29, Change: S$-0.01, Percent Change: -0.77%

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