LHN to launch Keppel Road mixed-use development by mid-Feb

Singapore

REAL estate management services group LHN plans to launch a mixed-use development at 1557 Keppel Road by mid-February 2021.

The integrated space, located on the fringe of the central business district (CBD), will be used for commercial and residential purposes.

It consists of three blocks spanning 96,299.05 square feet (sq ft), Catalist-listed LHN said in a bourse filing on Monday.

Block C, the property's main block dedicated to office spaces, is three storeys high.

Each level has about 24,000 sq ft of space, and the units have a ceiling height of 5.5 metres to 6.5 metres.

The block also comes with in-house dining options and a gym for tenants and workers.

It is expected to attract commercial tenants, such as clinics, shipping companies, insurance, back-end banking, information technology and e-commerce providers, LHN said.

Blocks A and B will house 47 serviced apartment units under the group's Coliwoo brand.

Each co-living unit comes with kitchenettes, smart TVs, microwave ovens, fridges and washer-cum-dryers.

A garden area which doubles as a communal space is also available for residents to use.

The development is near the Outram Park and Tanjong Pagar Mass Rapid Transit (MRT) stations.

It is also near the upcoming Cantonment station, which is set for completion by 2025.

Kelvin Lim, LHN Group's executive chairman, executive director and group managing director, said of the development: "Recognising the changing market demands for co-living and working spaces, we have created our second integrated development with modern working professionals and their lifestyles in mind."

1557 Keppel Road is LHN Group's second mixed-use development.

Its first, 10 Raeburn Park, also functions as the group's headquarters.

LHN shares closed flat on Thursday at 18.5 Singapore cents.