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<p>Gaw Capital is said to be paying a CLSA-managed fund S$710 mn for 77 Robinson, which is just 3 minutes' walk away from Tuan Sing-owned prime freehold office building, Robinson Point. This works out to around S$2,300 psf based on NLA. 77 Robinson has a balance lease of 74 years. </p><p>Evidently, institutional buying interest in Singapore's prime commercial buildings remains strong as the Singapore office market is now still a "landlords' market". Grade A CBD office rents are expected to continue their upward growth trajectory into 2019.  Tuan Sing is a beneficiary of the strong office rental upturn as its prime freehold commercial assets in Singapore - 18 Robinson, Robinson Point, and 896 Dunearn - make up more than two-third of its total property portfolio value. Tuan Sing's share price is down 17% in the last six months and lately, the company has been busy buying back its own shares at around S$0.33-0.345/share.</p>

Gaw Capital is said to be paying a CLSA-managed fund S$710 mn for 77 Robinson, which is just 3 minutes' walk away from Tuan Sing-owned prime freehold office building, Robinson Point. This works out to around S$2,300 psf based on NLA. 77 Robinson has a balance lease of 74 years. Evidently, institutional buying interest in Singapore's prime commercial buildings remains strong as the Singapore office market is now still a "landlords' market". Grade A CBD office rents are expected to continue their upward growth trajectory into 2019.  Tuan Sing is a beneficiary of the strong office rental upturn as its prime freehold commercial assets in Singapore - 18 Robinson, Robinson Point, and 896 Dunearn - make up more than two-third of its total property portfolio value. Tuan Sing's share price is down 17% in the last six months and lately, the company has been busy buying back its own shares at around S$0.33-0.345/share.

Tuan Sing: Beneficiary of Exuberant Demand for Prime Office Investment Properties

Tuan Sing Holdings

Tuan Sing: Beneficiary of Exuberant Demand for Prime Office Investment Properties