GuocoLand’s wholly-owned unit, GLL Ventures, will pay $62.5 million for the en bloc purchase of freehold Toho Garden Condominium along Yio Chu Kang Road.It said it would redevelop the site, which has a gross floor area of 121,633 sq ft, into a 5-storey condominium with 100 units. The acquisition is expected to be completed by February 2009.
GuocoLand said it would use internal resources and bank borrowings to finance the deal.
.jpg)
No comments:
Post a Comment