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APAC Realty to acquire Toa Payoh commercial property for $72.8 mil for new regional HQ

Stanislaus Jude Chan Published on Tue, Jun 05, 2018 / 7:41 PM GMT+8

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SINGAPORE (June 5): Real estate services provider APAC Realty, which owns ERA Realty Network, has entered into an agreement to acquire the entire 100% stake in HC Home from Hersing Corporation for $72.8 million.

HC Home, which owns a three-storey commercial property located at 450 Lorong 6 Toa Payoh, will become a wholly-owned subsidiary of APAC Realty following completion of the transaction.

The leasehold commercial property sits on a site area of approximately 1,392.4 sq m, with a gross floor area of 4,121.4 sq m. The property’s 99-year lease from the Housing and Development Board (HDB) commenced on Aug 1, 1970.

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APAC Realty to acquire Toa Payoh commercial property for $72.8 mil for new regional HQ