{"id":74298,"date":"2017-12-12T10:42:22","date_gmt":"2017-12-12T03:42:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-ksh-heeton-buy-geylang-properties-for-60mil\/"},"modified":"2017-12-12T11:03:53","modified_gmt":"2017-12-12T04:03:53","slug":"lian-beng-ksh-heeton-buy-geylang-properties-for-60mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-ksh-heeton-buy-geylang-properties-for-60mil\/","title":{"rendered":"Lian Beng, KSH, Heeton buy Geylang properties for $60mil"},"content":{"rendered":"


\nLian Beng Group Ltd, via its 42 percent-owned associated company Development 24 Pte. Ltd., has exercised an option to acquire the freehold properties known as 31 to 51 (ODD) Lorong 24 Geylang.
\nKSH Holdings and Heeton Holdings also holds a 48 percent and 10 percent stake in Development 24.
\nIn a separate SGX filings, Lian Beng, KSH and Heeton said the aggregate consideration for the properties is $60 million, of which $6 million has already been paid during the exercise of the option. They noted that the balance shall be paid within 12 weeks.
\nLocated on a total of 12 lots of land, the properties \u2013 which comprise around 26,188 sq ft of land area \u2013 could be redeveloped into an eight-storey residential development with a maximum allowable gross floor area of around 73,325 sq ft.
\nLian Beng, KSH and Heeton revealed that their respective share of funds for the purchase will be financed by external borrowings and internal funds.
\nThey do not expect the acquisition to materially affect the groups\u2019 net tangible assets and earning per share for the current financial year.
\nLian Beng added that Ko Chuan Aun, \u201can independent director and shareholder of the company, is also an independent director of KSH Holdings Limited\u201d.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Lian Beng, KSH, Heeton buy Geylang properties for mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lian Beng Group Ltd, via its 42 percent-owned associated company Development 24 Pte. Ltd., has...<\/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-74298","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-jkm","jetpack-related-posts":[{"id":81992,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylang-freehold-sites-bought-for-60mil\/","url_meta":{"origin":74298,"position":0},"title":"Geylang freehold sites bought for $60mil","date":"March 6, 2018","format":false,"excerpt":"\r A joint venture (JV) between Heeton Holdings, Lian Beng Group and KSH Holdings has completed the acquisition of several freehold land parcels at 31 to 51 (odd) Lorong 24 in Geylang for a total of $60 million on Monday (5 March). According to an SGX filing on released on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72287,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-en-bloc-projects-get-nod-from-lta\/","url_meta":{"origin":74298,"position":1},"title":"Two en bloc projects get nod from LTA","date":"November 20, 2017","format":false,"excerpt":"\r Three property developers in Singapore have received in-principle approvals from the Land Transport Authority (LTA) for their Pre-Application Feasibility Study (PAFS) for two en bloc redevelopment projects, revealed recent SGX filings. Last week, KSH Holdings, Heeton Holdings and Lian Beng Group announced that they obtained the LTA\u2019s in-principle approval\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-to-ride-wave-of-housing-market-recovery\/","url_meta":{"origin":74298,"position":2},"title":"Lian Beng to ride wave of housing market recovery","date":"January 19, 2018","format":false,"excerpt":"\r Rio Casa, a 286-unit development has been sold collectively for $575 million to Oxley-Lian Beng Venture Pte Ltd. Singapore-listed construction company Lian Beng Group has positioned itself to take advantage of the recovering private housing market. According to a report published by CIMB Research on Thursday (18 January), the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85062,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-unit-gunning-for-catalist-listing\/","url_meta":{"origin":74298,"position":3},"title":"Lian Beng unit gunning for Catalist listing","date":"April 12, 2018","format":false,"excerpt":"\r Artist\u2019s impression of KAP & KAP Residences, a mixed-use project by SLB Development. SLB Development, a spin-off from mainboard-listed Lian Beng Group, is seeking to be listed on the Singapore Exchange\u2019s Catalist Board. The property developer is offering 238 million shares at $0.23 each, comprising 230 million shares by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-leads-nominations-for-propertyguru-awards\/","url_meta":{"origin":74298,"position":4},"title":"GuocoLand leads nominations for PropertyGuru Awards","date":"September 27, 2017","format":false,"excerpt":"\r Singapore\u2019s best residential, commercial, industrial and green properties will be awarded.\u00a0 More than 20 real estate projects from 16 companies and joint venture firms have been shortlisted for the PropertyGuru Asia Property Awards (Singapore) 2017, the most prestigious real estate competition here. Presented by Kohler and supported by PropertyGuru,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71252,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-named-as-top-local-developer-in-propertyguru-awards\/","url_meta":{"origin":74298,"position":5},"title":"GuocoLand named as top local developer in PropertyGuru awards","date":"November 8, 2017","format":false,"excerpt":"\r Tanjong Pagar Centre, named as Singapore\u2019s Best Green Development at the PropertyGuru Asia Property Awards. GuocoLand has been crowned as the city-state\u2019s best developer at the PropertyGuru Asia Property Awards (Singapore) 2017 held at the Sands Expo and Convention Centre yesterday evening (7 November 2017). \u201cThe company is a\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\/74298"}],"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=74298"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/74298\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=74298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=74298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=74298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}