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+--- Thread: Philips seen as selling last of its Toa Payoh properties (/Thread-Philips-seen-as-selling-last-of-its-Toa-Payoh-properties)
Philips seen as selling last of its Toa Payoh properties - [[ForeverAlone]] - 10-12-2021
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-estate/philips-seen-as-selling-last-of-its-toa-payoh-properties
RE: Philips seen as selling last of its Toa Payoh properties - Galilo_l - 10-12-2021
Within walking distance to Caldecott mrt
RE: Philips seen as selling last of its Toa Payoh properties - sgbuffett - 10-12-2021
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.
RE: Philips seen as selling last of its Toa Payoh properties - [[ForeverAlone]] - 10-12-2021
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??
RE: Philips seen as selling last of its Toa Payoh properties - debono - 09-11-2022
(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??
RE: Philips seen as selling last of its Toa Payoh properties - debono - 09-11-2022
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.
RE: Philips seen as selling last of its Toa Payoh properties - theold - 09-11-2022
Aea Aea
RE: Philips seen as selling last of its Toa Payoh properties - p1acebo - 09-11-2022
(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???
RE: Philips seen as selling last of its Toa Payoh properties - Scythian - 09-11-2022
.
LKYs best friend, Philips Chairman