REPUBLIC HC acquires Singapore industrial property for SGD 1.03 million, targeting 5.2% rental yield

Bulletin Express
04/27

Republic Healthcare Limited (REPUBLIC HC) has released supplemental information on its previously announced purchase of an industrial unit in Singapore’s Ubi Tech Park.

The consideration totals SGD 1.03 million (approximately 1.03 million), structured as follows: • An option fee of SGD 0.01 million paid on 21 April 2026. • A further deposit of SGD 0.04 million plus SGD 0.15 million upon execution of the option to purchase. • The remaining 80%—about SGD 0.82 million—will be financed through a bank loan from United Overseas Bank Limited.

The property is projected to generate monthly rental income of SGD 4,796 (inclusive of GST), implying an estimated gross rental yield of 5.2%. Management benchmarked this against prevailing yields of 3.5%–4.5% for comparable industrial assets in the same vicinity, suggesting a favorable entry valuation.

Directors indicate the asset should produce positive net operating cash flow after debt servicing, aligning with the group’s strategy to build a stable, income-generating portfolio. They also cite potential medium- to long-term capital appreciation prospects given ongoing redevelopment activity in the surrounding industrial estate.

Completion is subject to customary conditions, including execution of a definitive sale-and-purchase agreement, satisfactory legal and technical due diligence, clear title, maintenance of existing tenancy terms, securing bank financing, and all necessary regulatory approvals.

The transaction was agreed on a willing-buyer, willing-seller basis; no independent valuation or historical profit data for the property were provided. All other details of the original 21 April 2026 announcement remain unchanged.

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