Rail Mall owners seeking buyers

RAIL Mall, a stretch of shopping and dining outlets in a rustic part of Upper Bukit Timah Road, has been put on the market. Besides 43 road-fronting units, the 105,561 sq ft site also comes with 95 carpark lots. Ku Swee Yong, chief executive of International Property Advisor, said the development could be worth S$30 million, or about S$300 psf of land area. According to newspaper advertisements put up last week, it has a lettable floor area of 49,766 sq ft and comes with 28 years left on its lease. The property is held by Pulau Properties, which is in turn owned by the Lee Foundation and members of the Lee family.

America’s priciest market shows no signs of cooling

HOUSING in America’s most expensive region is going to get even pricier. For all the talk of the US tax overhaul hitting wealthy blue-state real …