mr funny
16-01-07, 12:30
Property
Published January 16, 2007
Koh Brothers buys Florence Rd site
KOH Brothers Group yesterday said it has acquired a 12,900 sq ft freehold site at Florence Road, near Kovan MRT, for $5.2 million. The price includes a development charge of about $1.5 million. The acquired site is adjacent to two freehold plots already owned by Koh Brothers.
The amalgamated land area is 22,400 sq ft, and the land has a 1.4 plot ratio, giving it a gross floor area of 31,400 sq ft. Koh Brothers said the company intends to develop the site into a five-storey residential project with 32 homes averaging around 1,000 sq ft each.
Francis Koh, executive director of Koh Brothers subsidiary Koh Brothers Development Pte Ltd, which bought the site, said: 'We will continue to stay focused in our strategy of developing quality lifestyle-and-theme concept projects that appeal to home seekers.'
Koh Brothers' shares closed 2.5 cents up at 48 cents yesterday.
Published January 16, 2007
Koh Brothers buys Florence Rd site
KOH Brothers Group yesterday said it has acquired a 12,900 sq ft freehold site at Florence Road, near Kovan MRT, for $5.2 million. The price includes a development charge of about $1.5 million. The acquired site is adjacent to two freehold plots already owned by Koh Brothers.
The amalgamated land area is 22,400 sq ft, and the land has a 1.4 plot ratio, giving it a gross floor area of 31,400 sq ft. Koh Brothers said the company intends to develop the site into a five-storey residential project with 32 homes averaging around 1,000 sq ft each.
Francis Koh, executive director of Koh Brothers subsidiary Koh Brothers Development Pte Ltd, which bought the site, said: 'We will continue to stay focused in our strategy of developing quality lifestyle-and-theme concept projects that appeal to home seekers.'
Koh Brothers' shares closed 2.5 cents up at 48 cents yesterday.