Soon Hock buys Ching Shine site for $113.2m

The site comprises 52 strata units on a 49,308 sq. ft. land area.

Soon Hock Group has acquired Ching Shine Industrial Building for $113.2m, or $824 per square foot (sq. ft.) per plot ratio, via tender, according to JLL.

The site comprises 52 strata units on a 49,308 sq. ft. land area, with a 100-metre frontage along Shaw Road.

“The freehold tenure, combined with the property’s prime location, presents strong potential for asset enhancement and long-term capital appreciation,” said Walter Tan, chief executive officer, Soon Hock Group.

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