Tuesday, May 30, 2006

[RealEdge] BT : Koh Brothers buys Bukit Timah site for $30m

Published May 30, 2006

Koh Brothers buys Bukit Timah site for $30m

 

KOH Brothers Development Pte Ltd, a subsidiary of Koh Brothers Group Ltd, yesterday said it had bought the freehold Alocassia Apartment on Bukit Timah Road for $30 million.

Distinguished by its near trapezoidal, this commercial and residential site nestles between Robin Drive and Robin Lane in the popular Bukit Timah district. The purchase consists of 45 residential units with a strata floor area of 35,166 sq ft and seven commercial units with a strata floor area of 9,397 sq ft. The average per square feet of net sellable area is $673.

Francis Koh, executive director of Koh Brothers Development, said given its prime location, freehold status and easy accessibility to the city centre, the company is confident that the site will appeal to both local and foreign buyers. 'We look forward to receiving positive responses from buyers who appreciate the exclusivity and prestige offered by this prime site,' he said.



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