China Property

The China Property is located in Chengdu, the capital city of Sichuan province. The property comprises four levels of retail space with a mezzanine floor. Situated within the Second Ring Road, it is in close proximity to high-end residences, offices and the US Consulate in Chengdu. The Nijiaqiao MRT Station is located in front of the property and provides convenient access.

The China Property has a sole tenant, Markor International Home Furnishings Co., Ltd. Chengdu Zongbei Store, which is one of the largest furniture retailers in China.

Property Profile

Address No.19, Renminnan Road, Chengdu, China
Description A four-storey building completed in 2003. Part of a mixed-use commercial complex comprising retail and office.
Positioning Targets the high-end income segment and expatriates.
Year of completion 2003
Actual Occupancy(1) 100%(2)
Gross floor area 100,854 sq ft(2)
Number of tenants 1(2)
Title Leasehold estate expiring on 27 December 2035
Lease type Fixed rent structure with periodic step-up.
  • Markor International Home Furnishings Co., Ltd
Valuation S$28.4 million(2)
  1. Based on commenced leases as at 30 June 2019.
  2. As at 30 June 2019.