20-09-2010, 11:57 PM
Not vested.
Business Times - 20 Sep 2010
Sing Hldgs buys two properties for $77.3m
SING Holdings has inked a deal to buy Robin Court and the next door 1 Robin Drive for a total $77.33 million.
This works out to about $1,363 per square foot of potential gross floor area.
No development charge is expected, Sing Holdings said in a regulatory filing with the Singapore Exchange yesterday.
The two freehold District 10 properties have a combined land area of about 40,518 square feet and are zoned for residential use with a 1.4 plot ratio (ratio of maximum potential gross floor area to land area).
Robin Court involves a collective sale and is subject to approval from the Strata Titles Board.
The properties were sold through a tender exercise handled by Credo Real Estate and which drew 10 bids. Sing Holdings was the highest bidder. When the tender was launched, the asking price was indicated as $66 million to $74 million.
Business Times - 20 Sep 2010
Sing Hldgs buys two properties for $77.3m
SING Holdings has inked a deal to buy Robin Court and the next door 1 Robin Drive for a total $77.33 million.
This works out to about $1,363 per square foot of potential gross floor area.
No development charge is expected, Sing Holdings said in a regulatory filing with the Singapore Exchange yesterday.
The two freehold District 10 properties have a combined land area of about 40,518 square feet and are zoned for residential use with a 1.4 plot ratio (ratio of maximum potential gross floor area to land area).
Robin Court involves a collective sale and is subject to approval from the Strata Titles Board.
The properties were sold through a tender exercise handled by Credo Real Estate and which drew 10 bids. Sing Holdings was the highest bidder. When the tender was launched, the asking price was indicated as $66 million to $74 million.
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