Sale Cancelled for Sabana REIT

News about Sabana REIT

The plan by Sabana REIT to divest of an industrial property in Tuas, Singapore has been called off as the trust has not obtained approval from JTC.

In September 2018, Sabana had proposed to sell the building at 1 Tuas Avenue 4 for S$11.18 million in cash, 52 per cent below the property's book value of S$23.3 million as at June 30.

Sabana REIT
Price0.455 SGD
NAV0.560 SGD
Yield (4 quarters)6.26%
Gearing30.9%