{"id":51779,"date":"2017-04-13T10:42:27","date_gmt":"2017-04-13T03:42:27","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/tuan-sing-acquires-freehold-site-in-hillview\/"},"modified":"2017-04-13T11:38:49","modified_gmt":"2017-04-13T04:38:49","slug":"tuan-sing-acquires-freehold-site-in-hillview","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tuan-sing-acquires-freehold-site-in-hillview\/","title":{"rendered":"Tuan Sing acquires freehold site in Hillview"},"content":{"rendered":"


\nLocated close to the Hillview MRT station, the site is expected to yield 100 residential units.\u00a0
\nTuan Sing Holdings plans to develop 100 homes on a 43,557 sq ft freehold site in the Hillview area that it is in the process of acquiring for $47.8 million in cash, the company said in an SGX filing on Wednesday (12 April).
\nEpiscia Land, a wholly-owned subsidiary of Tuan Sing, exercised an option to buy the vacant plot at 1 Jalan Remaja from warehouse operator Andermatt Investments.
\nZoned for residential use, the land parcel has a plot ratio of 1.92. Subject to Episcia\u2019s payment of the development charge, the site could potentially yield about 100 residential units, given its maximum permissible gross floor area of 83,630 sq ft.
\nLocated within proximity to the Hillview MRT station, the site is also close to the Rail Mall, HillV2 and the upcoming Hillview Community Club, which is expected to contain F&B outlets, enrichment classes and recreational facilities.
\nIncluding the option fee, Tuan Sing has already made a down payment of $4.78 million for the site, which represents 10 percent of the total consideration for the land.
\nFinanced by internal and external resources, the transaction is expected to be completed 12 weeks after the signing of the option on 12 April, subject to Episcia paying the remaining 90 percent balance. The subsidiary may also choose to complete the deal at an earlier date.
\nThe acquisition is not expected to have any material impact on the net tangible assets or earnings per share of the group for the current financial year ending 31 December 2017.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Tuan Sing acquires freehold site in Hillview<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located close to the Hillview MRT station, the site is expected to yield 100 residential...<\/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-51779","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-dt9","jetpack-related-posts":[{"id":108520,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-3-residential-sites-under-1h2019-gls-programme\/","url_meta":{"origin":51779,"position":0},"title":"URA launches 3 residential sites under 1H2019 GLS Programme","date":"June 28, 2019","format":false,"excerpt":"\r The Urban Redevelopment Authority (URA) on Thursday (27 June) released two housing sites and one residential with commercial at first storey site for sale under the first half 2019 Government Land Sales (GLS) Programme. Together, the three sites are expected to yield around 1,545 residential units. Launched for sale\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62396,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tuan-sing-targeting-august-launch-for-kandis-residence\/","url_meta":{"origin":51779,"position":1},"title":"Tuan Sing targeting August launch for Kandis Residence","date":"August 1, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Kandis Residence in Sembawang. (Source: Tuan Sing Holdings) Singapore-listed Tuan Sing Holdings is targeting to launch Kandis Residence in Sembawang as early as this month, PropertyGuru understands. The 130-unit condominium at Kandis Link will comprise four low-rise blocks. Conceptualised by award-winning architectural firm Ong & Ong,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53169,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tuan-sing-net-profit-fell-44-in-q1\/","url_meta":{"origin":51779,"position":2},"title":"Tuan Sing net profit fell 44% in Q1","date":"April 28, 2017","format":false,"excerpt":"\r Tuan Sing\u2019s gross revenue declined by 29 percent year-on-year to S$74.8 million in the first quarter of 2017, while net profit slumped 44 percent to S$5.4 million as it has sold most of the units at its residential projects completed in 2016, revealed an SGX filing on Thursday, 27\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111977,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/midwood-condominium-sees-24-units-sold-during-launch-weekend\/","url_meta":{"origin":51779,"position":3},"title":"Midwood condominium sees 24 units sold during launch weekend","date":"October 29, 2019","format":false,"excerpt":"\r Developer Hong Leong Holdings has sold 24 units out of the 50 it released over the launch weekend of its Midwood condominium, reported The Business Times. The 99-year leasehold project\u2019s apartment sizes range from 484 sq ft for single-bedroom units to 1,259 sq ft for four-bedroom units. Selling prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/10\/Arrival-court-midwood.jpg?fit=810%2C450&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":93113,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-leong-acquires-hillview-rise-site-for-460m\/","url_meta":{"origin":51779,"position":4},"title":"Hong Leong acquires Hillview Rise site for $460m","date":"July 4, 2018","format":false,"excerpt":"\r Aerial view of the residential site at Hillview Rise. (Photo: URA) A 153,881.94 sq ft private residential site in Hillview Rise that can yield about 535 homes was awarded by the Urban Redevelopment Authority (URA) on Tuesday (3 July) to Hong Leong Holdings for $460 million. The top bid\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rare-999-year-leasehold-hillview-terrace-site-for-sale-106mil-indicative-price\/","url_meta":{"origin":51779,"position":5},"title":"Rare 999-year leasehold Hillview Terrace site for sale, $106mil indicative price","date":"September 30, 2021","format":false,"excerpt":"\r Rare 999-year leasehold Hillview Terrace site for sale, $106mil indicative priceA 999-year leasehold residential redevelopment site at 32-38D Hillview Terrace is jointly put up for sale by their owners with an indicative price of $106 million, revealed marketing agent Colliers International. Zoned for Residential use under the 2019 Master\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/hillview-terrace-news-.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/51779"}],"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=51779"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/51779\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=51779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=51779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=51779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}