Tuan Sing Holdings will be selling its 39 Robinson Road office property for $500 million. Robinson Point, as this property is called, was last valued by Colliers International Consultancy & Valuation (Singapore) at $374.4 million.
Tuan Sing can expect to book a gain of $128.3 million upon completion of the sale.
The 21-storey freehold property (seen here in a 2010 picture) has a gross floor area of 15,700 sqm and includes some retail and parking space as well. Significant refurbishment works were completed in 2015.