Low Keng Huat buys 3 plots in Cairnhill for S$100m
19,800 sq ft site is zoned for residential use
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Singapore
SINGAPORE-listed property developer Low Keng Huat on Thursday said its subsidiary Glopeak Development has entered into an agreement for the purchase of 67 Cairnhill Road and two adjacent plots - lots 836C and 844T of Town Subdivision 27 - for S$100 million.
The freehold site has a land area of 1,839.5 sq m, or 19,800 sq ft, is zoned for residential use under the Urban Redevelopment Authority's 2014 Master Plan and has an allowable gross plot ratio of 2.8 times.
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