Urban Lofts buys adjacent properties

NOBEL Design Holdings yesterday said its 35 per cent owned joint venture Urban Lofts Pte Ltd had agreed to buy the properties at 1 Surin Avenue and 790 Upper Serangoon Road for about $37.5 million. The two properties sit on a freehold site that has an area of 3,980.50 square metres. Urban Lofts intends to develop about 26 units of strata titled landed houses at the site.