26 Sep '16, 3pm

New: Singapore Property News This Week #279

Zhou family from Shanghai buys 60% of 139 Cecil Street With a balance lease of 64 years, the Zhou family bought the 11-storey property at S$75 million for a 60 per cent stake in Ececil Pte Ltd. Ececil Pte Ltd owns 139 Cecil Street, and is a joint venture between Vibrant Group and DB2 Group. The Vibrant-DB2 joint venture continues to hold the remaining 40 per cent in Ececil. It acquired 100 per cent of Ececil in 2014 from Cheong Sim Lam in a deal that valued the office block at S$110 million. (Source: Business Times) MCC’s Tampines Condo likely priced at $900 to $1200 psf Singapore-based Chinese developer MCC Land is opening its showflat, The Alps Residences this Saturday. The 99-year leasehold condominium project in Tampines will be priced in the range of S$900-1,200 per square foot (psf). MCC Land is also marketing the upcoming launch of Queens Peak at Dundee Road for HY ...

Full article: https://www.propwise.sg/singapore-property-news-this-week...

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