CapitaMall Trust completes sale of Hougang Plaza
The property was sold to Oxley Bloom for approximately S$119.1 million.
Located in Hougang Central, Hougang Plaza is sited on land with a lease expiring on or about 28 February 2090. It is a three-storey shopping mall with a net lettable area of 75,353 square feet.
The mall has a committed occupancy of 100% as at 31 March 2012, and contributed about 0.5% to the net property income of CMT Group for the first quarter ended 31 March 2012.