Results 1 to 2 of 2

Thread: Foreign buyer to pay $430.1 mil for Citimac

  1. #1
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,768

    Default Foreign buyer to pay $430.1 mil for Citimac

    https://www.ura.gov.sg/MP2008/ims/TA...rpretation.htm

    The freehold Citimac Industrial Building is being sold for $430.1 million in an en bloc sale, according to Edmund Tie & Company (ET&Co), which brokered the deal. The land cost works out to $1,047 psf ppr, inclusive of a development charge of $82 million.

    The tender exercise for the site closed on July 21 and the buyer is said to be a foreign developer.

    Located on Macpherson Road in Tai Seng, the freehold redevelopment site has a land area of close to 139,790 sq ft, with a gross plot ratio of 3.5. The site is zoned “Business 1-White”. According to ET&Co, the site can yield a maximum GFA of 489,262 sq ft, of which at least 349,473 sq ft is to be set aside for Business 1 use. The remaining 139,789 sq ft can be allocated for White use.


  2. #2

    Default

    thanks for this info, I am here not so long but already get so much information, that I couldn't imagine that such king of thing is possible, so I want to thank you Arcachon for all these useful topics

Similar Threads

  1. Where got so many buyer.
    By Arcachon in forum Coffeeshop Talk
    Replies: 0
    -: 12-06-18, 21:16
  2. Foreign buyer snaps up two duplexes at Leedon Residence for $20.3 mil
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 11-08-17, 19:00
  3. Foreign buyer forking out S$430.1m for Citimac in en bloc sale
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 31-07-17, 20:36
  4. Foreign labour not the same as foreign talent: ASME
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 7
    -: 06-03-13, 07:32
  5. Foreign buyer's Sentosa Cove deal falls short
    By mr funny in forum Landed Property
    Replies: 0
    -: 16-11-09, 16:49

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •