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Tuan Sing Holdings Ltd's Dillenia Land Pte. Ltd Announces Award Of Tender

Monday, 17 Jun 2013 08:42am EDT 

Tuan Sing Holdings Ltd announced that its indirect wholly-owned subsidiary, Dillenia Land Pte. Ltd., has been awarded the tender for the collective sale of all strata lots and the common property in the development known as Gilstead Court (the “Property”) at the price of SGD150,168,000.00. The acquisition on the Property is subject to Strata Titles Board’s approval. The freehold Property has an approximate site area of 75,479 sq ft. With a plot ratio of 1.4, the price of SGD150,168,000.00 would translate to S$1,292 per sq ft per plot ratio, including a 10 per cent balcony area. There is no development charge payable. The acquisition and development of the project will be funded through internal resources and bank borrowings. 

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11 Jul 2014