Mediacorp sells Caldecott Hill site for S$280.9m

Singapore

AN ENTITY to be jointly owned by Perennial Real Estate Holdings and its chairman Kuok Khoon Hong has clinched Mediacorp's former Caldecott Broadcast Centre plot for S$280.9 million.

It is located at the heart of the Caldecott Hill Good Class Bungalow Area. Mediacorp has been granted an outline approval by the Urban Redevelopment Authority (URA) for a proposed site redevelopment into two-storey bungalows with a minimum land area of 800 square metres per house.