{"id":110535,"date":"2019-09-06T10:40:42","date_gmt":"2019-09-06T03:40:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/fragrance-group-acquires-min-yuan-apartments-for-141m\/"},"modified":"2019-09-06T11:03:58","modified_gmt":"2019-09-06T04:03:58","slug":"fragrance-group-acquires-min-yuan-apartments-for-141m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fragrance-group-acquires-min-yuan-apartments-for-141m\/","title":{"rendered":"Fragrance Group acquires Min Yuan Apartments for $141m"},"content":{"rendered":"


\nFragrance does not expect the acquisition, which will be funded by internal funds and borrowings, to materially affect the company\u2019s earnings and net tangible assets for FY2019.
\nFragrance Group, via its fully-owned subsidiary Fragrance Victory, has acquired Min Yuan Apartments for $141 million.
\nLocated at 62 Waterloo Street, the property has a 999-year tenure and a land area of 1,359.1 sq m with a plot ratio of 4.2. It could yield a gross floor area of 5,708.22 upon redevelopment, subject to the payment of development charge of around $19.55 million.
\nThe company, however, revealed plans to redevelop the property with an adjacent land plot at 64 Waterloo Street for a combined comprehensive hotel development.
\nFragrance Victory already owns the land plot at 64 Waterloo Street.
\n\u201cThe combined development will have a total land area of 2,694 sq m and a gross floor area of 11,315 sq m,\u201d it said in an SGX filing.
\nFragrance does not expect the acquisition, which will be funded by internal funds and borrowings, to materially affect the company\u2019s earnings and net tangible assets for FY2019.
\nWant to find your dream home?\u00a0View our listings\u00a0or our\u00a0reviews\u00a0of other notable projects.\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Fragrance Group acquires Min Yuan Apartments for 1m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fragrance does not expect the acquisition, which will be funded by internal funds and borrowings,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-110535","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sKP","jetpack-related-posts":[{"id":101290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fragrance-group-subsidiary-buys-waterloo-apartments-for-131-1m\/","url_meta":{"origin":110535,"position":0},"title":"Fragrance Group subsidiary buys Waterloo Apartments for $131.1m","date":"November 15, 2018","format":false,"excerpt":"\r Fragrance Group plans to develop the 14,369 sq ft site into a hotel. (Photo: Cushman & Wakefield) Waterloo Apartments, a 30-unit residential development at 64 Waterloo Street within the Bras Basah\/Bugis area, has been sold en bloc for $131.1 million to a fully-owned subsidiary of Fragrance Group, reported the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/999-year-apartment-site-at-waterloo-street-up-for-collective-sale\/","url_meta":{"origin":110535,"position":1},"title":"999-year apartment site at Waterloo Street up for collective sale","date":"July 30, 2019","format":false,"excerpt":"\r Min Yuan at Waterloo Street has been put up for a collective sale of $145 million and could be redeveloped into a hotel building. It is near various landmarks such as Singapore Art Museum an National Museum of Singapore, and the National Design Centre.\u00a0 Min Yuan, a 27-unit residential\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109075,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sophia-view-is-the-first-residential-en-bloc-sale-of-2019\/","url_meta":{"origin":110535,"position":2},"title":"Sophia View is the first residential en bloc sale of 2019","date":"July 17, 2019","format":false,"excerpt":"\r Sophia View, a five-unit residential development in District 9, was sold in June to a private investor, making it this year\u2019s first residential collective sale, reported Business Times. While marketing agent SRI refused to reveal the exact purchase price for the property, it shared that each unit will receive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145714,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kuwaits-development-holding-company-acquires-luxury-fragrance-brand-the-fragrance-kitchen\/","url_meta":{"origin":110535,"position":3},"title":"Kuwait\u2019s Development Holding Company acquires luxury fragrance brand The Fragrance Kitchen","date":"July 8, 2024","format":false,"excerpt":"\r The transaction marks a significant expansion of DH's investment portfolio\r \r Source : arabianbusiness.com\r Read more...Kuwait\u2019s Development Holding Company acquires luxury fragrance brand The Fragrance Kitchen","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/07\/Development-Holding-Company-x-The-Fragrance-Kitchen-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":82312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunos-mansion-sold-collectively-for-220-million\/","url_meta":{"origin":110535,"position":4},"title":"Eunos Mansion sold collectively for $220 million","date":"March 9, 2018","format":false,"excerpt":"\r Completed in 1982, Eunos Mansion comprises 105 apartments and two penthouses. (Photo: Cushman & Wakefield) The freehold Eunos Mansion has been sold collectively to a subsidiary of Fragrance Group for $220 million, according to Cushman & Wakefield which brokered the deal. This is slightly higher than the reserve price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110807,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/positive-about-flying-without-fragrance-brief-letters\/","url_meta":{"origin":110535,"position":5},"title":"Positive about flying without fragrance | Brief letters","date":"September 17, 2019","format":false,"excerpt":"\r Fragrance intolerance | Domestic violence | Composting | Plastic packaging | Peaky BlindersI leapt on Sirin Kale\u2019s article (\u2018It\u2019s a battle \u2013 it makes me incredibly ill\u2019, G2, 16 September). I have a fragrance intolerance that triggers asthma. Combined with diesel intolerance, it makes flying a serious risk. On\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110535"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=110535"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110535\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}