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β° Target Preview: 6 Jan 2024
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KSH Holdings-led Consortium Purchases Euro-Asia Apartments Enbloc For $222.18million
Property developer KSH Holdings has acquired Euro-Asia Apartments at 1037 Serangoon Road for $222.18 million. The 84-unit development sits on a 56,476 sq ft site that has a plot ratio of 2.8 under the latest Master Plan. Thus, the purchase price translates to a land rate of $1,313 psf per plot ratio, inclusive of bonus balcony area.
The developers say that they intend to redevelop the site into a new residential development with about 172 residential units. (News articles)
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Developer
KSH Holdings Limited
KSH Holdings Limited (βKSHβ, or βGroupβ) is a long-standing construction, real estate development and investment corporation with more than 40 years of experience, listed on the SGX-ST Mainboard since 2007. Backed by a strong and diversified track record, the Group boasts a wide range of construction and real estate projects across various sectors both locally and abroad, with a geographical presence in Singapore, United Kingdom, Australia, Japan, Malaysia and China.
KSH is a main contractor for both public and private sectors. With a Grade A1 rating under BCA CW01, it is capable of bidding for Public Sector construction projects of unlimited value. The group is also rated A2 under BCAβs CW02 for civil works. KSH has won several BCA Construction Excellence Awards for projects including Fullerton Bay Hotel, NUS University Townβs Education Resource Centre, Madison Residences, Mount Alvernia Hospital etc. In 2019, it received BCA Construction Excellence Award (Excellence) for NUS University Sports Centre and Construction Excellence Award (Merit) for Heartbeat@Bedok.
Through strategic alliances and joint ventures, KSHβs property development and investment presence spans across various real estate sectors including residential, commercial, hospitality, and mixed-use developments. Apart from having successfully executed residential and mixed-use development projects in Singapore and China, the Group has jointly acquired properties in other geographies including the United Kingdom, Australia, Malaysia and Japan. It will continue to explore opportunities in new markets with a focus on Southeast Asia.
While the Group is actively involved in major residential developments in Singapore with joint-venture partners, KSH has successfully delivered residential, mixed development, office and commercial in Singapore including Riverfront Residences, Rezi 24, High Park Residences, Affinity @ Serangoon, Park Colonial, Sky Green, Trio, The Boutiq, NEWest and Hexacube etc. Meanwhile, the upcoming redevelopment projects of former Peace Centre and Park View Mansion etc, will be soon launched.
Other real estate developments in China include the completed Liang Jing Ming Ju (ιζ―ζε± Phase 1, 2 and 3), and Sequoia Mansion (ηΊ’θ‘«ε ¬ι¦) in B eijing; and the ongoing projects of (Sino Singapore Health City . Zhong Xin Yue Lang (δΈζ°ε₯εΊ·ε . δΈζ°ζ¦ζ) and Zhong Xin Yue Shang (δΈζ°ζ¦δΈ) in Gaobeidian.
On the Property Investment front, the Group invests in yield-accretive assets that generate a sustainable stream of income with potential capital gains. These include a 36-Storey retail and office complex, Tianjin Tianxing Riverfront Square, in the heart of the business district of Tianjin, China.
The Group seeks to continue broadening its businesses and projects, and explore opportunities in new markets while striving towards sustainable growth to enhance shareholder value.
SLB Development Ltd.
Listed on the Catalist Board of the Singapore Exchange since April 2018, SLB Development Ltd. (βSLBβ) is a diversified property developer with extensive experience and track record across the residential, mixed-use, industrial and commercial sectors as well as property development projects ranging from small to large scale. The diversified nature of its portfolio allows effective management of exposure to the fluctuations in demand and/or changes in regulations for each type of property development. From 2019, SLB has expanded into fund management business to broaden its recurring income streams, establishing fund management businesses in partnerships with experienced industry veterans from the United Kingdom (βUKβ), Hong Kong and Australia, with the aim of actively pursuing investment opportunities in real estate funds and various segments of the real estate value chain. Led by an experienced management team, SLB has built a strong network of business relationships with other property developers and contractors, and has expanded its presence beyond Singapore to the People Republic of China (βPRCβ), UK and Australia. SLB is 77.6% held by Lian Beng Group Pte Ltd, one of Singaporeβs major homegrown building construction groups.
H10 Holdings Pte. Ltd., Ho Lee Group
The growth of Singapore from the early 70βs to the early 90βs saw the expansion of Ho Leeβs business from a single entity dealing with general plumbing works to one that carries out various construction-related businesses from general building construction to specialised metal works, formwork fabrication and sales and rental of construction machines and equipment. These various companies were group together in 1996 and saw the incorporation of Ho Lee Group (HLG).
The grouping allows all these companies to adopt a similar corporate culture which focuses on an open communication and the sharing of ideas. This, in turn, encourage corporation and collaboration between colleagues and business partners to derived workable construction solutions for our customers and improving the construction industry. By drawing upon the experience and knowledge of its people that are serving the different needs of the construction industry, it also promotes further diversification into other new business areas that the individual company had never ventured into previously.
From its inception in 1996, HLG had gone on to acquire Wee Poh Construction Co. (Pte) Ltd (WPC) in 2005 which is a civil engineering construction company graded by the Building Construction Authority of Singapore (BCA) with an A1 grading (the highest grade) under the workhead CW02. The Group also acquire Liang Huat Aluminium Ltd in 2007 which is an Aluminium and Curtain Wall Specialist listed on the Main Board of the Stocks Exchange of Singapore (SGX).
The Group also ventured into the development of commercial and residential properties either individually or with its business partners and had to date developed projects such as the Built-to-Order Mauser Factory in Tuas, Singapore, The Watercolour Executive Condominium, The Heron Bay Executive Condominium, to name a few. The Group was also one of the major sponsors of the Viva Industrial Trust during its IPO listing on the SGX in November 2013.
The strong corporate culture of the Group is a cornerstone in the success of the Group thus far and the strong partnership that we have established with our business associates and customers over the years will be further enhanced as we push for further growth into the future.
We look forward to every opportunity to collaborate and work with people that share our vision of providing construction solution for our customer and improving the construction industry.
The Arcady @ Boon Keng (former Euro-Asia Apartments)
βΌοΈ Target Preview: 6 Jan 2024 βΌοΈ
π°οΈ Freehold in RCR District 12 π 5 Minutes walk to Boon Keng MRT (π£ NEL) π mins drive to CBD / Orchard, easy accessible to major expressway. π« within 1km to Hong Wen School, St Andrewβs Junior School & Bendemeer Primary School ποΈ 24 Storey Tower with 172 Exclusive units – 1+s to 4+U Bedroom & Penthouse ποΈ North-South Tower Orientation π 1 to 1 Basement Carpark Lots