See the following site. By Eastern Holding. Same developer for Coastal View.
http://www.epl.com.sg/property/rishaven.html
Eastern Holdings secures first enbloc project for S$12.5 million
Here is the extract on Coastal View
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999 year leasehold site in Pasir Ris to be redeveloped into a 5-storey low rise apartment block
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Target consumers with desire for quality life at affordable prices
Singapore, 2 August 2007 – Fresh from its Holland District acquisitions, Eastern Holdings Limited, (“Eastern” or the “Group”), an emerging boutique property developer with a growing portfolio of residential, commercial and industrial properties, looks east to Pasir Ris with its first enbloc acquisition, Loyang Terrace for S$12.5 million.
Located along Jalan Loyang Besar, Loyang Terrace has a 999-year leasehold tenure with a land size of approximately 23,158 sq ft. At a purchase price of S$12.5 million, the property was acquired at a value of S$540 psf. Eastern intends to develop a 5-storey low rise apartment block with at least 25 apartments. The total permissible gross floor area is about 32,421 sq ft.
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