ahlahdin
08-02-07, 00:25
CityDev clinches The Albany for S$65m
By Loh Kim Chin, Channel NewsAsia | Posted: 07 February 2007 2017 hrs
SINGAPORE: City Developments has paid S$65 million for freehold residential site on Thomson Road.
The price excludes a development charge of S$174,000.
The site, which currently houses a condominium The Albany, spans 42,000 square feet and has a plot ratio of 2.8.
If CityDev buys an adjoining plot of state land, the combined site could yield 135 apartment units.
CityDev also owns the adjoining Lock Cho Apartments, Comfort Mansion and a four-storey walk-up apartment in the vicinity. - CNA/so
By Loh Kim Chin, Channel NewsAsia | Posted: 07 February 2007 2017 hrs
SINGAPORE: City Developments has paid S$65 million for freehold residential site on Thomson Road.
The price excludes a development charge of S$174,000.
The site, which currently houses a condominium The Albany, spans 42,000 square feet and has a plot ratio of 2.8.
If CityDev buys an adjoining plot of state land, the combined site could yield 135 apartment units.
CityDev also owns the adjoining Lock Cho Apartments, Comfort Mansion and a four-storey walk-up apartment in the vicinity. - CNA/so