Kheng Leong bags Gilstead Road site for S$70m
Another smaller plot on same road sells for S$17 million; separately, Soilbuild family sells Meyer Road bungalow for nearly S$33 million
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Singapore
A COUPLE of freehold residential redevelopment sites in Gilstead Road in district 11 are being sold.
Peak Vista, fully owned by Kheng Leong Company, is paying S$70 million for 2 bungalows in Gilstead Road with a total freehold land area of 43,457 square feet. The site is zoned for residential use with 1.4 plot ratio (ratio of maximum gross floor area or GFA to land area) under the Urban Redevelopment Authority's Master Plan 2019. The site is located between the Newton and Novena MRT stations.
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