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BBR unit snags Goh & Goh Building for S$101.5m in collective sale

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In what is this year's first collective sale involving a mixed-use property and the second collective sale, a unit of BBR Holdings (S) is acquiring Goh & Goh Building for S$101.5 million.

IN what is this year's first collective sale involving a mixed-use property and the second collective sale, a unit of BBR Holdings (S) is acquiring Goh & Goh Building for S$101.5 million.

The call option was exercised on Thursday by BBR's subsidiary Alika Properties Pte Ltd, which is 62 per cent owned by BBR Development Pte Ltd, a wholly owned subsidiary of the group.

The four-storey freehold property, which sits on 2,868.3 square metres of land area at Upper Bukit Timah Road, is zoned residential with commercial on the first storey. It has a plot ratio of 3.0.

Subject to Alika's payment of a development charge, the site can potentially yield about 100 residential units and a level of retail shops on the ground floor, taking into account the permissible gross floor area of 8,604.9 square metres.

sentifi.com

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Earlier this month, Lum Chang Holdings snagged 2017's first collective sale of a residential development - One Tree Hill Gardens near Orchard Road for S$65 million.

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