17 Nov '17, 3am

Tai Wah Building sold en bloc for $84.9mil

Tai Wah Building, a four-storey building along Killiney Road, has been sold to private equity investment firm Lucrum Capital Pte Ltd for $84.9 million, revealed marketing agent Edmund Tie & Co. This works out to around $2,209 psf per plot ratio. Completed in the mid-1980s, the freehold building comprises two shops and six apartment units. The site, which was zoned “residential with commercial at first storey”, has a land area of around 1,221.5 sq m (13,148 sq ft). Edmund Tie & Co noted that Lucrum Capital plans to redevelop the site into a serviced apartment with commercial use on the first storey. In fact, it has already submitted an application for such use which has received in-principle approval from the authorities. As such, Lucrum Capital can redevelop the site up to its existing gross floor area of 3,568.81 sq m (about 38,414 sq ft), exceeding the permissible plot r...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

Tweets

Two en bloc projects get nod from Singapore's L...

propertyguru.com.sg 20 Nov '17, 6am

Three property developers in Singapore have received in-principle approvals from the Land Transport Authority (LTA) for th...

Four condos up for en bloc sale

propertyguru.com.sg 16 Nov '17, 3am

Derby Court is a freehold condominium development located at 5, Derbyshire Road in District 11 near Novena MRT station. (P...

Saudis in talks with TAI to buy six Anka turkis...

defensenews.com 17 Nov '17, 5pm

ABU DHABI, United Arab Emirates — The Kingdom of Saudi Arabia is planning to acquire six medium-altitude, long-endurance d...

Developers must now study traffic impact, propo...

propertyguru.com.sg 14 Nov '17, 5am

The government is worried that building more housing units could cause traffic problems in future. Residential en bloc red...

Kismis View up for en bloc sale for $102mil

propertyguru.com.sg 23 Nov '17, 4am

Kismis View is a 99-year leasehold condominium development located at District 21. (Photo: JLL) Kismis View along Lorong K...

Commercial building continues to push sustainab...

buildinggreen.com 21 Nov '17, 5pm

Structure Tone, a construction management company, surveys its clients each year to understand how goals and priorities in...

Google's Jagger Update Rocks Manipulative Link ...

searchenginejournal.com 17 Nov '17, 6am

Editor’s note: This post is part of an ongoing series looking back at the history of Google algorithm updates. Enjoy! In 2...