The Singapore government paid $29.5 million for a 40,000-square-foot garage building near the United Nations that will be converted to office space, a broker on the deal said.Singapore paid $737 per square foot, almost double the average price per square foot of $392 for Manhattan office building sales closed in the first half of the year, according to data in a July report from investment brokerage Massey Knakal Realty Services.
Full Story