[SINGAPORE] A deal is said to have been inked for the sale of Park Regis Singapore at about $250 million.
There is talk that a sale and purchase agreement was signed recently with a China buyer for the property, which is located along New Market Street/Mer-chant Road.
The asset comprises the 203-room hotel and a seven-storey office block with about 42,000 sq ft net lettable area on a site with a balance lease term of about 93 years.