Capitaland Ascendas Reit (Clar) is divesting an industrial property at 21 Jalan Buroh in Singapore for S$112.8 million.

This is nearly double the original purchase price of S$58.4 million, when the property was acquired in June 2006. It also represents a premium of S$45.3 million – or 67.1 per cent – to the average of two independent market valuations of the property, which was S$67.5 million as at Jul 1, 2024.