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Straits Trading to sell four residential properties in Osaka for $103 mil

Uma Devi
Uma Devi12/11/2019 06:22 PM GMT+08  • 2 min read
Straits Trading to sell four residential properties in Osaka for $103 mil
SINGAPORE (Dec 11): The Straits Trading Company, through its subsidiary, Straits Real Estate (SRE), is selling four residential properties, located in Central Osaka, Japan, for a total consideration of JPY 8.25 billion ($103.2 million), the company repo
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SINGAPORE (Dec 11): The Straits Trading Company, through its subsidiary, Straits Real Estate (SRE), is selling four residential properties, located in Central Osaka, Japan, for a total consideration of JPY 8.25 billion ($103.2 million), the company reported on Wednesday.

The sale will see the group book a gain of JPY 890 million ($11.1 million).

The properties, namely Luxe Taisho, Luxe Shin Osaka, Luxe Dome Mae and Splendid Namba II, are freehold residential rental properties comprising a total of 516 units.

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