Thakral sells Osaka office property for about 41 million Singapore dollars
SGX Filings
Yesterday
Thakral Corporation Ltd said on Sep, 30 2026 that it has completed the sale of the Utsubo East Building in Osaka for roughly 41 million Singapore dollars, 16% above the asset’s carrying value.
The divestment, executed through the company’s 55%-owned vehicle TJP Pte Ltd and indirect subsidiary SJ Property Investments Pte Ltd, is expected to unlock about 21 million Singapore dollars in cash and deliver a one-off attributable gain of about 1.5 million Singapore dollars.
This is the group’s second Osaka disposal in 12 months, following the sale of the Yotsubashi Nakano Building in Sep, 2025. Thakral continues to hold four office buildings and one hotel in the city.
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