DJ Lian Beng Consortium Buys Singapore Property For S$243M
SINGAPORE (Dow Jones)--A consortium of minor Singapore property companies said Thursday it has bought the Lincoln Lodge condominium for S$243 million.
The consortium members are Lian Beng Group Ltd. (L03.SG), Koh Brothers Group Ltd. (K75.SG), Heeton Holdings Ltd. (5DP.SG), and KSH Holdings Ltd. (A8E.SG).
The freehold property, in the prime Newton Road area of the island, has a land area of 60,000 square feet and can be redeveloped into a 36-storey residential block, the consortium said in a statement.