Low Keng Huat (Singapore)

[BlueKelah]

However, if we calculate using the maximum plot ratio of 10.5, the purchase price will be around S$1,056 psf after addition the S$140 million development charge.

I think the lettable area is 674000 + 200000 = 874000.
Therefore price should be $1498psf.

To realise the full area, the owner probably needs to pay $300psf to construct the 200,000 sqft of area.
Cost = $60 million.
So final price = $1567psf?
For a lease of 68 years left, it looks reasonable?

There are some 600 carpark lots in the basement levels.

Well... this might reduce to boost the lettable area?

what sort of possible recurring cash flow roughly are we looking at then from this purchase by LKH?