16 Apr '17, 6am

Tuan Sing acquires freehold site in Hillview

Located close to the Hillview MRT station, the site is expected to yield 100 residential units. Tuan Sing Holdings plans to develop 100 homes on a 43,557 sq ft freehold site in the Hillview area that it is in the process of acquiring for $47.8 million in cash, the company said in an SGX filing on Wednesday (12 April). Episcia Land, a wholly-owned subsidiary of Tuan Sing, exercised an option to buy the vacant plot at 1 Jalan Remaja from warehouse operator Andermatt Investments. Zoned for residential use, the land parcel has a plot ratio of 1.92. Subject to Episcia’s payment of the development charge, the site could potentially yield about 100 residential units, given its maximum permissible gross floor area of 83,630 sq ft. Located within proximity to the Hillview MRT station, the site is also close to the Rail Mall, HillV2 and the upcoming Hillview Community Club, which is...

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

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