Fragrance Group bought Min Yuan Apartments for $141m

The company is seeking to redevelop the land with an adjacent plot to a hotel.

Property developer Fragrance Group’s subsidiary Fragrance Victory has acquired Min Yuan Apartments at the price of $141m, according to an announcement.

Following the collective sales and purchase agreement, the group expressed intent to redevelop the property with an adjacent land plot for a combined comprehensive hotel development.

Also read: Fragrance Group to buy back up to $30m of its $100m notes

Located in Waterloo Street, the property has a tenure of 999 years and contains a land area of 1,359.1 square meters at a plot ratio of 4.2. It may yield a gross floor area of 5,708.22 sqm upon redevelopment, subject to payment of development charge of about $19.55m.

The planned combined development will have a total land area of 2,694 square meters and a gross floor area of 11,315 square meters.

Photo from CBRE

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia