Thursday, October 12, 2006
[RealEdge] BT : Ho Bee bags Genting Lane building for $9.7m
| Published October 12, 2006  | |
| Ho Bee bags Genting Lane building for $9.7m HO Bee Group yesterday snapped up a freehold factory building at Genting Lane near the junction with MacPherson Road for $9.7 million. The auction, conducted by Colliers International, also saw three other properties knocked down - an office unit at High Street Centre that was hotly contested, an apartment at The Bayshore and an executive condominium (EC) unit at Woodsvale in Woodlands. All four properties were mortgagee sales. The factory that Ho Bee bought is said to have been put up for sale by United Overseas Bank. The building has a land area of around 37,000 sq ft and a net lettable area of about 57,000 sq ft. It is partly three storeys and partly six storeys. Over at High Street Centre along North Bridge Road, Colliers auctioned a 17th floor office unit for $740,000 after a round of highly competitive bidding that started at $580,000. A 29th floor unit at The Bayshore changed hands for $520,000 or $514 per square foot. The Woodsvale EC unit sold at yesterday's auction fetched $350,000 or $266 psf. |
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