MT Newswires11:10
Singapore Land Group (SGX:U06) and a consortium were awarded a residential site at Changi Road by the Urban Redevelopment Authority for SG$1.43 billion, according to a Friday filing with the Singapore Exchange.
The site tender was won by United Venture Development (Daisy) and CapitaLand Development unit CL Sapphire on a 50:50 basis.
The 99-year leasehold site spans an area of 30,769 square meters. The acquisition will be financed through bank borrowings and shareholders' loans.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
