Pei Fu building in S$76.25m collective sale
SLB Development and subsidiary Oxley Kyanite bag the freehold property
Singapore
NEWLY-LISTED SLB Development announced on Tuesday that subsidiary Oxley Kyanite has exercised the option to acquire freehold Pei Fu Industrial Building for a total of S$76.25 million.
The transaction price, reported earlier by The Business Times, surpasses the reserve price of S$75 million, and works out to S$489 per square foot per plot ratio (psf ppr), based on the proposed gross floor area (GFA) of 155,864 square feet (sq ft). This unit land rate does not include a…
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