Tuan Sing

Tuan Sing: awarded tender for the collective sale of Gilstead Court (Novena/ Newton district) at $150.2m. The acquisition is subject to Strata Titles Board’s approval. The f/h property has an approx site area of 75.5k sf. With a plot ratio of 1.4, this translates to $1,292 psf ppr, incl a 10% balcony area. No devt charge is payable. Tuan Sing intends to develop a high-end project at this site, to be funded through internal resources and bank borrowings.