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Chitchat New High SES Condo at Toa Payah for YayaPapayas!

Pinkieslut

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Screenshot 2023-12-14 at 5.05.41 PM.png
 

CoffeeAhSoh

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not about value but the whole place feels 死气沉沉

Tiagong , Tycoon Kwek is very grateful to be awarded the site :biggrin:


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Nov 8, 2023,12:30am

ASIA

Billionaire Kwek Leng Beng’s CDL, Partners Submit Top Bid Of $715 Million For Singapore Housing Site​

Jonathan Burgos
Forbes Staff

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City Developments (CDL)—controlled by billionaire Kwek Leng Beng—and its joint venture partners submitted the top bid of S$968 million ($715 million) for a residential site in the north central Singapore district of Toa Payoh as the developer replenishes its landbank to tap into resilient housing demand in the Lion City.

Should the government award the site to the partners, the consortium plans to build two 40-story residential towers comprising about 800 units on the 15,743 square meter plot, offering future residents panoramic views of the nearby MacRitchie Reservoir. CDL will hold a 50% stake in the project, while Thai billionaire Charoen Sirivadhanabhakdi’s Frasers Property and Japan’s Sekisui House will each hold equal stakes of 25%.

“Considering the limited new home supply in the vicinity, our development will offer homeowners an attractive opportunity to reside in a mature town with excellent connectivity and plentiful amenities,” Sherman Kwek, group CEO of CDL, said in a statement. “Together with our partners, we look forward to tapping on our collective expertise to create an iconic development in the highly sought-after Toa Payoh estate.”

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MCL Land and its partner Sinarmas Land, controlled by Indonesia’s Widjaja family, also submitted the top bid of S$692.39 million for a 25,039 square meter site in Pine Grove in the affluent Bukit Timah enclave in Singapore’s western central region.


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k1976

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Please quickly go to queue up as interest rate will be dropping de woh...heng ong huat lah
 

k1976

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Please dun miss the boat...quickly go there to camping now..will be like buy hello kitty queue long de woh
 

CoffeeAhSoh

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How can any developer in good conscience market a condo in Toa Payoh as upmarket? LOL! It is merely another mass market condo not much different from an EC.

Kwek owns 50% of the Project.
Tiagong that easily translate
into at least hundreds of millions
profits .

it helps .

esp. they booked huge losses
in China investments. :(

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