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

By Uma Devi / The Edge Singapore | December 12, 2019 4:53 PM SGT
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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