Complete Property Market Updates of Singapore

June 21, 2008

KSH in JV to develop Mergui Rd site

Filed under: Developer News,General — Propertymarketupdates @ 6:51 pm

Property-linked KSH Holdings Limited on Monday said it has entered a joint venture with Multi Wealth Singapore Pte Limited and LBH Pte Ltd to develop a freehold site at Mergui Road.

The 74,355 sq ft site with a plot ratio of 2.8 was bought by Mergui Develpment Pte Ltd — a unit of KSH — last November for $120 million.

Under the agreement, KSH will own 35 per cent stake in the JV, Multi Wealth 53 per cent and LBH 12 per cent.

Multi Wealth is a unit of Malaysian-listed IOI Properties Bhd. — BT newsroom

Source : Business Times – 26 May 2008

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: