Goodland acquires 2 industrial properties for $18.9 mil

Samantha Chiew
Samantha Chiew12/20/2018 05:32 PM GMT+08  • 1 min read
Goodland acquires 2 industrial properties for $18.9 mil
SINGAPORE (Dec 20): Goodland Group, the premier lifestyle property developer, today announced that its wholly-owned subsidiary, Goodland Citrine, has exercised an option to acquire two industrial properties located at 31 and 33 Kim Chuan Drive for a consi
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Dec 20): Goodland Group, the premier lifestyle property developer, today announced that its wholly-owned subsidiary, Goodland Citrine, has exercised an option to acquire two industrial properties located at 31 and 33 Kim Chuan Drive for a consideration of $18.9 million.

The two properties have a freehold tenure with an aggregate land area of about 1,415.3 sqm with “Business 2” zoning and a maximum gross plot ratio of 2.5.

The properties are located within Tai Seng Industrial Estate and are within walking distance to Tai Seng MRT.

The group says that it intends to redevelop the property, subject to obtaining all the necessary approvals from the relevant authorities.

This acquisition will be funded through internal resources and/or bank borrowings.

Shares in Goodland closed at 24.5 cents on Thursday.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.