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GK Goh to develop nursing home near Upper Thomson Road
INVESTMENT holding company GK Goh Holdings said subsidiary Canistel Pte Ltd has won a tender for a land parcel at Venus Drive near Upper Thomson Road.
The company bid S$24.3 million. It plans to develop a nursing home on the land "with a differentiated product that widens the range of aged care choices available in Singapore", it said.
The project, which has a maximum gross floor area of 5,600 square metres, will be financed from a combination of internal resources and bank borrowings.
GK Goh last traded at S$0.90, up six Singapore cents, before the announcement.