
Originally Posted by
bargain hunter
not sure if its for this piece of land:
Pollux: Acquisition Of 554 Havelock Road, Ganges Centre For S$23.5 Million.
10 May 2011 18:02
Pollux Properties Ltd. is pleased to announce that Peninsula Park Residences Pte. Ltd., which is 100% owned by the Company's wholly-owned subsidiary, Kovan Properties Pte. Ltd., has on 10 May 2011 entered into options to purchase to acquire all strata units and the common area of the property known as no. 554 Havelock Road, Ganges Centre for an aggregate purchase price of S$23.5 million. The Property has a land area of about 2,109.1 square metres. The Subsidiary intends to apply to the Urban Redevelopment Authority for a change of use of the land on which the Property resides to Residential and to top-up its lease to 99 years or such period as the relevant authorities may allow. The purchase price for the Property was arrived based on negotiations with all 11 owners of units in the property, on the basis of a collective purchase...