{"id":56052,"date":"2017-05-26T14:40:42","date_gmt":"2017-05-26T07:40:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/goh-and-goh-building-being-bought-for-s101-5mil\/"},"modified":"2017-05-26T14:43:18","modified_gmt":"2017-05-26T07:43:18","slug":"goh-and-goh-building-being-bought-for-s101-5mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goh-and-goh-building-being-bought-for-s101-5mil\/","title":{"rendered":"Goh and Goh Building being bought for S$101.5mil"},"content":{"rendered":"


\nLocated near the Beauty World MRT station, Bukit Timah Shopping Centre and Beauty World Centre, the four-storey mixed-use project consists of seven shops on the ground floor and seven apartments on the upper levels. (Photo: JLL)
\nBBR Holdings (S) Ltd has exercised a call option on Thursday (25 May) to purchase the Goh & Goh Building at Upper Bukit Timah Road for S$101.5 million in cash, revealed an SGX filing posted on the same day.
\nThe call option was exercised by Alika Properties Pte Ltd, a 62 percent owned unit of BBR Development Pte Ltd, which in turn is a fully-owned unit of the parent firm.
\nLocated near the Beauty World MRT station, Bukit Timah Shopping Centre and Beauty World Centre, the four-storey mixed-use project consists of seven shops on the ground floor and seven apartments on the upper levels.
\nZoned residential with commercial at the first level, the freehold site has a land area of around 2,868.3 sq m (30,874 sq ft) and a plot ratio of 3.0.
\n\u201cSubject to Alika\u2019s payment of a development charge, the site can potentially yield about 100 residential units and a level of retail shops at the ground floor taking into account the permissible gross floor area of 8,604.9 sqm (92,622 sq ft),\u201d said BBR Holdings in a statement.
\n\u201cThe site is situated at the intersection of Jalan Jurong Kechil and Upper Bukit Timah Road, and enjoys triple road frontages with a prominent 60-metre frontage onto the main road. This presents an excellent opportunity for the Property to be re-developed and conceptualised into a modern residential development with a highly visible retail level,\u201d it added.
\nThe acquisition will be funded by a combination of bank loans, as well as capital injections and\/or loans by Alika stockholders.
\nMeanwhile, The Straits Times reported that the owners of the Goh & Goh Building, which was built in the late 1980s, originally asked for S$120 million when the property first entered the market last February.
\nThe Business Times also revealed that the deal represents the first en bloc sale involving a mixed-use property and the second collective sale in Singapore this year, after the One Tree Hill Gardens near Orchard Road was bought by Lum Chang Holdings for S$65 million earlier this month.
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Goh and Goh Building being bought for S1.5mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located near the Beauty World MRT station, Bukit Timah Shopping Centre and Beauty World Centre,...<\/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-56052","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-eA4","jetpack-related-posts":[{"id":56030,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goh-amp-goh-building-being-bought-for-s101-5mil\/","url_meta":{"origin":56052,"position":0},"title":"Goh &amp; Goh Building being bought for S$101.5mil","date":"May 26, 2017","format":false,"excerpt":"\r Located near the Beauty World MRT station, Bukit Timah Shopping Centre and Beauty World Centre, the four-storey mixed-use project consists of seven shops on the ground floor and seven apartments on the upper levels. (Photo: JLL) BBR Holdings (S) Ltd has exercised a call option on Thursday (25 May)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46004,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mixed-use-building-in-beauty-world-area-up-for-sale\/","url_meta":{"origin":56052,"position":1},"title":"Mixed-use building in Beauty World area up for sale","date":"March 1, 2017","format":false,"excerpt":"\r Built in the 1980s, Goh & Goh Building is likely to attract offers in excess of $120 million. (Photo: JLL) Goh & Goh Building, a mixed-use development located along Upper Bukit Timah Road has been put up for collective sale, with the owners expecting offers in excess of $120\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72637,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kismis-view-up-for-en-bloc-sale-for-102mil\/","url_meta":{"origin":56052,"position":2},"title":"Kismis View up for en bloc sale for $102mil","date":"November 23, 2017","format":false,"excerpt":"\r Kismis View is a 99-year leasehold condominium development located at District 21. (Photo: JLL) Kismis View along Lorong Kismis within the Upper Bukit Timah area has been put up for en bloc sale, with the owners setting the minimum price at $102 million, revealed marketing agent JLL. Comprising 43\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52265,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sp-setia-bags-toh-tuck-road-for-s265m\/","url_meta":{"origin":56052,"position":3},"title":"SP Setia bags Toh Tuck Road for S$265m","date":"April 19, 2017","format":false,"excerpt":"\r Image: Artist impression of Eco Sanctuary by SP Setia The Urban Redevelopment Authority (URA) announced on Tuesday (18 April) that a 18,721 sq m. (201,511 sq ft.) residential site at Toh Tuck Road in Singapore has been awarded to a subsidiary of Malaysian developer SP Setia after it submitted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31788,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/upper-bukit-timah-shophouses-on-sale-for-20-million\/","url_meta":{"origin":56052,"position":4},"title":"Upper Bukit Timah shophouses on sale for $20 million","date":"October 27, 2016","format":false,"excerpt":"\r The guide price works out to $718 psf per plot ratio on the floor area. (Photo: CBRE) A cluster of five adjoining shophouses along 824-836 Upper Bukit Timah Road have been put up for sale by public tender, said marketing agent CBRE. The guide price for the row of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119946,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adjoining-sites-at-bukit-timah-dukes-road-up-for-collective-sale\/","url_meta":{"origin":56052,"position":5},"title":"Adjoining sites at Bukit Timah, Duke's Road up for collective sale","date":"January 27, 2021","format":false,"excerpt":"\r Adjoining sites at Bukit Timah, Duke's Road up for collective saleWith an area of 16,479 sq ft, the freehold site is zoned for residential and commercial use under the\u00a02019 Master Plan. Image: Google Street View Three adjoining mixed-use redevelopment sites located at 551 to 553 Bukit Timah Road and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/551-to-553-Bukit-Timah-Rd.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\/56052"}],"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=56052"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56052\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=56052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=56052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=56052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}