Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Friday, April 15, 2011

SP Setia to redevelop Singapore property

SP SETIA Bhd is buying the Leong Bee Court strata development in Singapore for RM159 million, and it plans to redevelop the place into a new apartment with a gross development value of RM318 million.

Work is expected to start in 2012 and finish in three years, it said in a statement to Bursa Malaysia yesterday.

Leong Bee Court sits on a parcel of freehold land of 29,436 sq ft within a matured residential enclave of Potong Pasir.

It is also within close walking distance to the Potong Pasir North East MRT Station

By Business Times

No comments: