Lian Beng buys $46.2m Leng Kee plot-to enter car business

[princess_morbucks]

http://www.businesstimes.com.sg/prem...-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]

More people will be doing car shopping these days than show flat shopping.

http://www.businesstimes.com.sg/prem...-plot-20140426

[taggy]

More people will be doing car shopping these days than show flat shopping.

why car shopping? i thought COE is still high?

[DC33_2008]

Start looking for the model.

why car shopping? i thought COE is still high?

[taggy]

Start looking for the model.

hmm... i had thought u r implying car market is improving...
but Lian Beng must have thought so to go into car business

[onglai]

hmm... i had thought u r implying car market is improving...
but Lian Beng must have thought so to go into car business

buy condo get car free!!

[taggy]

buy condo get car free!!

good one

[princess_morbucks]

why car shopping? i thought COE is still high?

At least car loan not affected by TDSR.
Lol....but after taking car loan, the TDSR will be affected.

[leftfield]

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.