Park West sold for $840.89m

About $144.6m can be paid to expand the estate's floor area.

The property at Park West at 2-20 Jalan Lempeng has been sold for $840.89m.

According to the buyers' announcement, the acquisition was made by Sing-Haiyi Gold Pte. Ltd.

Park West comprises a 99-leasehold estate has a land area of approximately 58,867 sqm with a plot ratio of 2.1.

An estimated differential premium of $144.6m can be paid to redevelop the site to a maximum gross floor area (GFA) of 135,982.8 sqm.

The acquisition will be funded by internal resources and bank borrowings.

The buyer said the acquisition will help it to expand its portfolio development in Singapore.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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