KH Kea Properties seeking partner to develop building
It wants to tap on highest and best use for the property
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Kalpana Rashiwala
THE owner of the small building next to Bras Basah Complex and with McDonald's as tenant on the lower floors is seeking a joint-venture partner to tap on the highest and best use for the property.
KH Kea Properties Pte Ltd, controlled by an Indonesian family with business interests across Asia, owns the nine-storey building at 333 North Bridge Road.
The building's existing gross floor area (GFA) of 29,049 sq ft reflects an equivalent plot ratio of 7.145, exceeding the 5.2 plot ratio allocated for the site under Master Plan 2008. KH Kea Properties also owns an adjacent 635 sq ft piece of land along Cashin Street. Currently serving as road access to the basement carpark, the plot can yield up to 3,302 sq ft GFA based on its 5.2 plot ratio in Master Plan 2008.
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