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Far East buying GCB in King Albert Park for S$43.8m

It will amalgamate 39,228-sq-ft site with four adjoining plots it already owns for redevelopment into an investment property

Kalpana Rashiwala

Published Fri, Mar 3, 2017 · 09:50 PM

Singapore property

Singapore

PROPERTY heavyweight Far East Organization is buying a Good Class Bungalow (GCB) on a freehold site of over 39,000 square feet at 16 King Albert Park.

The plan is to amalgamate the site with four adjoining plots the group already owns before redeveloping the enlarged site of over 100,000 sq ft into several bungalows which the group will hold as an investment property for rental income.