SUBSCRIBERS
Kim Chuan Drive site sold for S$40m
34,730 sq ft site being bought by Precise Development; site zoned for Business 2 use
Add BT as a preferred source
Kalpana Rashiwala
Published Tue, Aug 18, 2015 · 09:50 PM
Singapore
A FREEHOLD industrial site at Kim Chuan Drive has been transacted at S$40 million.
The price works out to S$460 per square foot per plot ratio (psf ppr), without factoring in a small development charge that the buyer will have to pay to the state before redeveloping the site, said William Gan, founder of William Gan Realty, which brokered the sale.
Copyright SPH Media. All rights reserved.
