The properties, located next to Northpoint City, are held under subsidiary strata certificates of title. The lots have a leasehold term of 99 years commencing from April 1, 1990. They were acquired in 2016 and have a total gross floor area of 966 sqm and total net lettable area (NLA) of 961 sqm.
Frasers Centrepoint Trust (FCT) has divested 10 strata lots in a strata-titled retail development at 51 Yishun Central 1 (also known as Yishun 10) to Frasers Property Limited for $34.5 million.
Frasers Property, through its wholly-owned subsidiary, Lion (Singapore), entered into a sale and purchase agreement (SPA) with FCT’s trustee, HSBC Institutional Trust Services (Singapore) Limited, on Aug 25.
