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Kim Chuan Drive site sold for S$40m

34,730 sq ft site being bought by Precise Development; site zoned for Business 2 use

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On the site is an old three-storey property that used to house shop lots and domitories; all the units have been vacated.

Singapore

A FREEHOLD industrial site at Kim Chuan Drive has been transacted at S$40 million.

The price works out to S$460 per square foot per plot ratio (psf ppr), without factoring in a small development charge that the buyer will have to pay to the state before redeveloping the...

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