Chip Eng Seng sells Melbourne site for A$64.8m
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Singapore
CHIP Eng Seng Corp has sold a vacant development site in Melbourne for A$64.8 million (S$69.3 million) plus goods-and-services tax (GST), the construction and property group announced on Friday evening.
The sale of the 2,927 sq m site near the edge of the Melbourne central business district includes a planning permit obtained in 2014 and marketing material for a 72-storey, 1,035-apartment mixed-use high-rise development.
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