S$81.18 million was paid for a freehold property The Continuum Condo at 50 Playfair Road in the Tai Seng Industrial Estate.
This is roughly 16 percent over the estimated price of The Continuum when the site was put up for collective sale in mid-October 2023.
According to the site’s only marketing agency, Edmund Tie & Company, this equates to a land charge of The Continuum Balance Unit Chart per square foot per plot ratio.
No offer came in below the asking price. The government entity did not reveal how many proposals were submitted.
According to Swee, the total sales profits for each unit are estimated to be between S$1.65 million and S$6.22 million.
The property has a site size of around 2,489 square metres, is located between Playfair Road and Harper Road, and is within walking distance of the Tai Seng MRT station.
The land is designated “Business 1 – White” with a plot ratio of 3.5 per the 2019 Master Plan of the Urban Redevelopment Authority.
stock exchanged in Singapore The percentage of ownership held by Noel Gifts International is 543% (10 units). The corporate gift retailer said in September that its 10 outstanding units have a net asset value of S$14.7 million as of the end of June 2023.
stock exchanged in Singapore The percentage of ownership held by Noel Gifts International is 543% (10 units). The corporate gift retailer said in September that its 10 outstanding units have a net asset value of S$14.7 million as of the end of June 2023.
In the fiscal year ending in June of 2023, Noel Gifts recorded net rental proceeds of S$358,000 from the units.
With Thursday’s (November 23) closing price of S$0.20 per share, Noel Gifts has a market value of S$20 million.
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