Teman-teman seperjuangan,
mohon komentarnya buat prospek LPKR kedepan. Ini ada berita tentang business expansionnya di singapore.
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Singapore News »
Time is GMT + 8 hours
Posted: 10 April 2006 1940 hrs
OCBC to book S$260m gain from sale of Kim Seng Road land
SINGAPORE : OCBC has successfully sold off a residential property site along Kim Seng Roard.
Indonesian property company Lippo Karawaci is buying the land for S$329.1 million.
This was the highest of four bids received and reflects a land value of S$739 per square foot per plot ratio.
OCBC had put up the vacant site for tender last month.
OCBC is expected to recognise a gain of about S$260 million from the transaction.
It has already obtained planning permission to build two blocks of 248 residential units on the site.
Lippo is expected to be ready to launch the redevelopment for sale before the end of the year. - CNA /ct
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