The business collaborations of KSH Holdings, Heeton Holdings and Lian Beng Group consummated the full ownership of various freehold land areas around Geylang, specifically at 31 to 51 (odd) Lorong 24 which summed up to $60 Million on March 5, Monday.
The SGX filing revealed that on the same released day, the area together with the mixed land area which covers more or less 2,432 sq m was acquired by Development 24 or popularly known as the JV industry.
The credible Heeton Holdings possessed the 10 percent of the whole business. Lian Beng manages the 42 %, whereas the KSH holdings carry the left 48 percent.
“Development 24 plans to build a block of skyscraper 8-storey residential units which means a total of 110 flats match with greenery parks, a huge swimming pool plus a multi-storey parking garage, subject for the approval of designated authorities.”
“No any additional development fees will be drawn for the recommended development,” they stated.
The ownership is not expected to have an impact on net solid assets per earnings and share among the three companies for their standing financial status.
The current calendar year for KSH Holdings will soon end on end month of March. On the other side, the Heeton Holdings will end on December while Lian Beng will be bit earlier, which is on May 31st.
A promising property development in Geylang that is worth investing is Centren @ Geylang. The promising Centren @ Geylang is already the newest freehold property development nestled around District 14, Singapore with its famous street name 1 Lorong 27 Geylang. This reputable development is constructed by the incomparable developer, Pinnacle Development Pte. Ltd. The skyscraper is in an 8-storey building with 2-3 bedrooms. 2017 is its expected TOP.
The Centren is wrapped with 34 residential flats, wherein each flat or unit provides a commodious area that is supplied with advanced implements and other significant furnishings. The amazing layout of this property tailored for natural elements to get in thus providing a fresher, positive ambiance to the its resident.
Centren @ Geylang doesn’t end only in lavish physical structures and facilities but it also offers other significant necessity of a family such the school, malls, the greenery parks, and the accessible transportations such as the bus stops and MRT Stations.
Globally competitive schools are just a few steps away from Centren. Choose from Northlight School, Macpherson primary school, Broadrick Secondary School, St Andrew Secondary School and the Dunham High School. This school surely molds great generation.
To Centren, the family is given the greatest significance of society thus the property provides facilities where family bonding can happen such as in multi restaurants, local food centre and barbeque places.
Travelling is never a hassle to the residents of Geylang because it is just steps away from different MRT Stations, to mention some are the Dakota MRT, Paya Lebar MRT, Kallang MRT, Macpherson MRT, Stadium MRT, the newly constructed Geylang Bahru MRT and a lot more.
Some other near condos coming in Geylang include Sixteen 35 Residences, Rezi 35 and 33 Residences for those who want a freehold new condo with a city fringe location.
