Keppel Land in JV to build two luxury condos in Bangkok's CBD
Singapore
KEPPEL Land Limited, the property arm of Keppel Corporation, has entered into a joint venture with Thai property developer KPN LAND Co Ltd to develop two premium condominium projects in Bangkok's CBD.
It said on Thursday that it has, through its wholly-owned subsidiaries, entered into a conditional joint venture agreement with KPN LAND Co Ltd to acquire two prime sites from KPN LAND and other existing landowners for 2.2 billion baht (S$90 million).
Keppel Land's share for the total development cost for both projects is estimated to be 2.8 billion baht given its 49 per cent stake in the condominium projects, with KPN LAND holding the balance 51 per cent stake. The partners w…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New US home sales jump to highest level since September
Hong Kong developer weighs stake sale in London office skyscraper project
How Hudson Yards went from ghost town to office success story
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped
Chinese restaurants spur Hong Kong’s retail property recovery