San Centre sold to CEL Property Investment

San Centre, a 12-storey office building located along Chin Swee Road, has been sold to CEL Property Investment for S$113 million.

It is the first commercial collective sale site sold this year.

The buyer is a subsidiary of mainboard-listed Chip Eng Seng Corporation.

San Centre comprises 107 strata-titled office units and 80 carpark lots.

It has a land area of about 28,700 square feet and was built in the 1970s.

Source : Channel NewsAsia – 26 Mar 2013

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