Ho Bee, IOI Properties Win Sentosa's Last Prime Condo Site

Source : Channel NewsAsia, 09 January 2008

A tie-up between Ho Bee and Malaysia's IOI Properties has clinched the last prime condominium site on Sentosa for S$1.1 billion.

The price for the Pinnacle Collection works out to S$1,822 per square foot per plot ratio.

Ho Bee will have a 35 percent stake while the remaining interest will be held by IOI.

The 99-year leasehold site covers 232,000 square feet and has a plot ratio of 2.6.

The condominium development is expected to yield about 360 units and have a maximum height of 20 storeys. - CNA/ms