Kim Chuan Drive site sold for S$40m
34,730 sq ft site being bought by Precise Development; site zoned for Business 2 use
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.
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