In San Francisco, a 20-storey office tower that sold for US$146 million a decade ago was listed in December for just US$80 million (S$107 million).
In Chicago, a 200,000 sq ft office building in the city’s Clybourn Corridor that sold in 2004 for nearly US$90 million was purchased in February for US$20 million, a 78 per cent markdown.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
