Koh Bros: Puts in top bid of $163m or $361 psf ppr for a 99 yr leasehold residential site in the east, which it plans to build a 400-410 unit residential project. Bid was 10% above the 2nd highest offer. Lowest bid came in at sgd130m or sgd288/psf ppr. Property experts highlights units in nearby 99-yr leasehold Hedges Park condo have been marketed at $800-950 psf since Apr 11, and approx 65% of the 501-unit project has been sold to date.
Koh Bros has a current P/E of 6.4x
No comments:
Post a Comment