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 secured a long-term tenant, Markor International Home Furnishings Co., Ltd., one of the largest furniture retailers in China. This long-term tenancy agreement, which incorporates a fixed rent with a periodic rental step-up lease, replaced the department store model and provides income stability amidst the challenging retail landscape in Chengdu.

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
Occupancy 100%(1)
Gross floor area 100,854 sq ft(1)
Number of tenants 1(1)
Title Leasehold estate expiring on 27 December 2035
Lease type Fixed rent structure with periodic step-up.
Tenant(1)
  • Markor International Home Furnishings Co., Ltd
Valuation S$29.8 million(2)
  1. As at 31 March 2019.
  2. As at 30 June 2018.