Henley Industrial Building in Upper Paya Lebar sold for $37m
Henley Industrial Building, a four-storey freehold property off Upper Paya Lebar Road, has been sold to a subsidiary of Novelty Group for $37 million.
The price works out to about $545 per sq ft of gross floor area, said property services firm CBRE on Monday.
CBRE brokered the sale through a tender exercise, which closed on July 5.
The 17-unit industrial property has an area of about 27,161 sq ft, the firm said said.