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View Full Version : Lian Beng buys $46.2m Leng Kee plot-to enter car business


princess_morbucks
26-04-14, 09:09
http://www.businesstimes.com.sg/premium/top-stories/lian-beng-buys-462m-leng-kee-plot-20140426


LISTED construction company Lian Beng Group has successfully bid $46.2 million for a property in the prime Leng Kee Road motor belt and is going into the automotive business.

The company has tied up with well-known parallel import company VinCar to form Wealth Assets Pte Ltd, a joint venture company which is 80 per cent owned by Lian Beng.

Wealth Assets plans to develop the land at 24 Leng Kee Road when the purchase is approved by the Housing Development Board.
DC33_2008
26-04-14, 12:39
More people will be doing car shopping these days than show flat shopping. ;)
http://www.businesstimes.com.sg/premium/top-stories/lian-beng-buys-462m-leng-kee-plot-20140426
taggy
26-04-14, 12:43
More people will be doing car shopping these days than show flat shopping. ;)

why car shopping? i thought COE is still high? :confused:
DC33_2008
26-04-14, 12:48
Start looking for the model. :D
why car shopping? i thought COE is still high? :confused:
taggy
26-04-14, 12:52
Start looking for the model. :D

hmm... i had thought u r implying car market is improving...
but Lian Beng must have thought so to go into car business :D
onglai
26-04-14, 13:21
hmm... i had thought u r implying car market is improving...
but Lian Beng must have thought so to go into car business :D

buy condo get car free!!
:D
taggy
26-04-14, 13:25
buy condo get car free!!
:D

good one http://forums.condosingapore.com/images/icons/icon14.gif
princess_morbucks
26-04-14, 21:31
why car shopping? i thought COE is still high? :confused:

At least car loan not affected by TDSR.
Lol....but after taking car loan, the TDSR will be affected.
leftfield
28-04-14, 11:47
At least car loan not affected by TDSR.
Lol....but after taking car loan, the TDSR will be affected.

Car loans are subjected to TDSR. :(