Home THE DAILY EDGE Business Sing Holdings acquires Robin Star for $47m
Sing Holdings acquires Robin Star for $47m

Tags: Sing Holdings

Written by The Edge   
Sunday, 30 January 2011 19:18
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Following its acquisition of Robin Court and 1 Robin Drive last year, Sing Holdings says has entered into a sale and purchase agreement to acquire yet another adjoining site Robin Star for $47 million.

The three sites have a combined land area of 64,878 sqft. With a plot ratio of 1.4 and including a 10% balcony area allocation, the Property can yield a gross floor area of about 99,913 sqft. The total purchase price of $124.33 million translates to $1,297 per square foot per plot ratio, inclusive of estimated development charges of about $5.28 million.

The property has a freehold tenure and is nestled in the prime Bukit Timah area. It is well-connected to other parts of the island via the major arterial Bukit Timah Road and the nearby Pan Island Expressway. The location boasts easy accessibility to the shopping and entertainment belt along Orchard Road and the Novena area. Reputable educational institutions such as the Singapore Chinese Girls School, Anglo-Chinese School (Barker Road) and St Joseph’s Institution are within a 1km radius from the site.

Apart from having McDonald’ss and Cold Storage right next to the property, an additional attraction coming its way is the upcoming Stevens MRT station, which will be within a short walking distance of about 250 metres from the property. It is strategically positioned in the midst of three major MRT network interchanges -- one station away from the North-South line and the Circle line and two stations away from the North-East line.

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Last Updated on Sunday, 30 January 2011 19:19