Results 1 to 3 of 3

Thread: Aspial buys another residential site

  1. #1
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default Aspial buys another residential site

    http://www.businesstimes.com.sg/sub/...56934,00.html?

    Published October 30, 2009

    Aspial buys another residential site


    ASPIAL Corporation said yesterday that it has agreed to buy a property at 26C Lorong Marzuki for $2.5 million.

    The freehold site has an area of 281.1 square metres and is zoned for residential use with a 1.4 plot ratio.

    Aspial previously bought two properties at 29 and 31 Lorong Melayu for $5.6 million in all.

    Based on the combined maximum permissible area of around 1,795 sq m, the average purchase price for the three properties works out to about $459 per sq ft per plot ratio, inclusive of development charges.

    Aspial intends to amalgamate the three plots to develop a 40-unit residential project.

    The cost of the latest acquisition and development will be funded internally and through bank borrowings, Aspial said.

    The transaction is not expected to have a material impact on the earnings or net tangible assets of the company in FY2009.

  2. #2
    Join Date
    Jun 2007
    Posts
    86

    Default

    Quote Originally Posted by mr funny
    http://www.businesstimes.com.sg/sub/...56934,00.html?

    Published October 30, 2009

    Aspial buys another residential site


    ASPIAL Corporation said yesterday that it has agreed to buy a property at 26C Lorong Marzuki for $2.5 million.

    The freehold site has an area of 281.1 square metres and is zoned for residential use with a 1.4 plot ratio.

    Aspial previously bought two properties at 29 and 31 Lorong Melayu for $5.6 million in all.

    Based on the combined maximum permissible area of around 1,795 sq m, the average purchase price for the three properties works out to about $459 per sq ft per plot ratio, inclusive of development charges.

    Aspial intends to amalgamate the three plots to develop a 40-unit residential project.

    The cost of the latest acquisition and development will be funded internally and through bank borrowings, Aspial said.

    The transaction is not expected to have a material impact on the earnings or net tangible assets of the company in FY2009.



    how to build 40 units with total permissible area of 1795 sqm = 19314sqft.

    each unit will have an average of 483sqft. another crazy mickey mouse development.

  3. #3
    Join Date
    Apr 2008
    Posts
    1,286

    Default

    Quote Originally Posted by jsh
    how to build 40 units with total permissible area of 1795 sqm = 19314sqft.

    each unit will have an average of 483sqft. another crazy mickey mouse development.

Similar Threads

  1. Far East buys 27 residential units in ex-AA Centre
    By reporter2 in forum En Bloc Achieved
    Replies: 0
    -: 30-07-18, 22:51
  2. Fragrance, Aspial buy Upp Paya Lebar site
    By reporter2 in forum En Bloc Achieved
    Replies: 8
    -: 09-07-13, 10:05
  3. Residential property buys via SPV may not escape ABSD
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 7
    -: 28-01-13, 23:52
  4. Aspial buys Changi Complex
    By mr funny in forum En Bloc Achieved
    Replies: 1
    -: 27-04-10, 03:40
  5. CapitaLand buys Foshan City residential site
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 11-10-06, 10:01

Posting Permissions

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