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Brokers' take
Published Fri, Sep 29, 2017 · 09:50 PM
GuocoLand Limited > Buy UOB KayHian, Sept 29 Sept 29 close: S$2.27 Target price: S$2.80
THE leasehold mixed-use site in Beach Road received a whopping S$1.62 billion, or S$1,706 per square foot per plot ratio (psf ppr), top bid from a 70-30 joint venture between GuocoLand and its Hong Kong-listed parent Guoco Group.
We estimate commercial breakeven at about S$2,900-3,000 psf and residential breakeven at aroun…
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