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Chip Eng Seng sells Melbourne site for A$64.8m

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Published Fri, Mar 27, 2015 · 09:50 PM

    Singapore

    CHIP Eng Seng Corp has sold a vacant development site in Melbourne for A$64.8 million (S$69.3 million) plus goods-and-services tax (GST), the construction and property group announced on Friday evening.

    The sale of the 2,927 sq m site near the edge of the Melbourne central business district includes a planning permit obtained in 2014 and marketing material for a 72-storey, 1,035-apartment mixed-use high-rise development.

    chip eng seng

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