Month: July 2022

Now that Normanton Park is completely sold, Kingsford has just one other upcoming development, specifically the 142-unit new project at Slim Barracks Rise. It had won the site in a government land tender last September with a bid of $162.388 million ($ 1,210 psf per plot ratio).

Age Realty, the advertising firm for Chuan Park, decreased to comment for this story. Kingsford Development might not be reached for comment.

This would make Chuan Park the most significant cumulative sale deal this year to day if the $890 million offer by Kingsford and also MCC Land goes through.

The new book price of $890 million is simply 5% listed below the original price tag of $938 million. The first cumulative sale effort made by the owners of Chuan Park was on Oct 5, 2021, at $938 million. This latest cumulative sale attempt was a relaunch at the same asking cost of …

The customer is Lim Wan Looi, better half of Fragrance Group founder and exec chairman Holland Drive Condo James Koh, that has actually been on an acquiring spree of bungalow sites this year, beginning with the acquisition of a 25,272 sq ft, property GCB story for $24.8 million on Lornie Road in Caldecott Hill Estate in January, based upon a caveat lodged with URA Realis. Prior to that, he bought a 21,046 sq ft, estate cottage website at Hillside Drive for $19.25 million ($ 915 psf), according to a caveat lodged last September.

The GCB at Bishopsgate that lately changed hands for $65 million rests on a property website of 29,435 sq ft.

The GCB at Coronation Road West recently changed hands for $47.288 million.

According to resources, the acquisition price was $40.5 million ($ 2,517 psf), as well as the deal is said to be brokered by Knight Frank.…

The historical Individuals’s Park Centre has actually been put up for sale through cumulative tender at a get cost of $1.8 billion. Age has actually been designated as the single advertising and marketing company.

Copen Grand

Located at 101 Upper Cross Street, the development is beside the Chinatown MRT Station (on the North-East Line and Downtown Line) and also a short drive to the CBD.
Presently, the mixed-use growth contains 324 retail units, 256 workplace devices as well as 120 property units, as well as a carpark.

Completed in 1970, the 99-year leasehold website extends a land area of 95,457 sq ft with an allowable gross plot proportion of 8.6, converting to a maximum built-up area of 821,017 sq ft. ERA approximates the land price at $2,620 psf ppr after taking into account the differential costs and also lease top up to a fresh lease.

Individuals’s Park Centre is positioned …