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COMMERCIAL PROPERTY | Staff Reporter, Singapore

Chong Kuo Road site sold for $43.95m

Lian Soon Holdings Pte Ltd and OKP Land Pte Ltd placed the winning bid.

The land parcel at Chong Kuo Road has been sold for $43.95m or $681 psf ppr, the Urban Redevelopment Authority (URA) revealed.

According to a press release, Lian Soon Holdings Pte. Ltd. and OKP Land Pte Ltd placed the winning bid and won against seven others.

Singapore Business Review previously reported that URA launched Chong Kuo Road along with Cuscaden Road for sale. The winning bid for the site was expected to hit $37.8m or $585 psf ppr.

The site has a 99-year leasehold, a site area of 4,282.9 sqm, and a maximum permissible gross floor area (GFA) of 5,997 sqm.

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