Park West Enbloc by SingHaiYi Group
Park West Enbloc became one of the highest En Bloc after it was acquired by SingHaiyi Group. It is located at Jalan Lempeng near Clementi MRT station. This property is a 99-year- leasehold estate and it’s lease commenced on 8th March 1982. It sits on plot ranging 633,644 square feet, with plot ratio of 2.1. SingHaiyi Group paid $840.9 million for this En Bloc. The acquisition was a 50-50 joint venture between Haiyi Wealth and SingHaiyi’s wholly. Haiyi Wealth is controlled by Gordon Tang and Celine Tang. The new development after this collective sale by SingHaiYi Group is called
Park West Enbloc by SingHaiYi Group
The husband and wife duo, Gordon Tang and Celine Tang also controls the directors and shareholders of SingHaiyi via Haiyi Holdings. The buyers applied the Singapore Land Authority with Zion Road Condo certain title restrictions on the property for the allowance of a fresh 99-year lease. With a sale price of around $ 840.9 million and $ 290.6 million in differential premiums, the land costs are projected to be $ 850 psf ppr.
Huttons Asia Marketing Agency for Park West Enbloc
Huttons Asia, a marketing agent estimated that the site could yield around 1.33 million …
