SG Talk

HEALTH technology company Philips is in the process of selling its remaining industrial property in Singapore. The Business Times understands that discussions to sell the property, at 622 Lorong 1 Toa Payoh, are in advanced stages.
Word on the grapevine is that Philips appointed CBRE to conduct an expression of interest (EOI) exercise for a sale-and-leaseback of the 6-storey property, known as the Philips APAC Center. The EOI exercise is said to have been launched in September. CBRE declined to comment.
Industry observers say when the building was put on the market, the indicative pricing expectation was about S$100 million.

https://www.businesstimes.com.sg/real-es...properties

Within walking distance to Caldecott mrt

I remember in the past always accompany my mom and aunt to Philips annual sale...always have very good discounts.

Looks like they stop the sales for a few yrs already.

back in good old days, 80s you will see a lot workers from there wear in Blue uniform and white go nearby market take their lunch.
They put their land to sell...as usual again condo??

(10-12-2021, 08:22 PM)[[ForeverAlone]] Wrote: [ -> ]back in good old days, 80s you will see a lot workers from there wear in Blue uniform and white go nearby market take their lunch.
They put their land to sell...as usual again condo??

That factory had been there for many years, providing factory operators jobs. I wonder what will happen to those who are currently employed by Philips Singapore.

Aea Aea

(09-11-2022, 08:27 AM)debono Wrote: [ -> ]That factory had been there for many years, providing factory operators jobs. I wonder what will happen to those who are currently employed by Philips Singapore.

Boss debono you are back??? Big Grin

.
LKYs best friend, Philips Chairman

[[ForeverAlone]]

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