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PR Newswire
18-03-2014, 05:40 PM
Floraville is only one of 3 parts of the Seletar Garden land the JV bought. The other 2 parts are Flora Vista and Flora View. Flora Vista consists of 28 shop units, including eateries. Flora View has 90 apt units.
KSH also bought a piece of land in Klang of about 680,000 sf for S$36m. It has a 40% stake in it. The land has a plot ratio of 5 times, which makes the land cost psf ppr only S$10.50 psf, dirt cheap by Singapore standard. Planned for SOHO, Hotel, Serviced apt (which means condo), shopping mall. Not sure exactly where the land is, but it is within Greater KL, which has a population of about 7 million.
KSH earnings should be very good next couple of years as it is booking profit progressively from several projects, including the lucrative commercial ones.
KSH also bought a piece of land in Klang of about 680,000 sf for S$36m. It has a 40% stake in it. The land has a plot ratio of 5 times, which makes the land cost psf ppr only S$10.50 psf, dirt cheap by Singapore standard. Planned for SOHO, Hotel, Serviced apt (which means condo), shopping mall. Not sure exactly where the land is, but it is within Greater KL, which has a population of about 7 million.
KSH earnings should be very good next couple of years as it is booking profit progressively from several projects, including the lucrative commercial ones.