{"id":92861,"date":"2018-06-30T07:30:42","date_gmt":"2018-06-30T00:30:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/tee-land-to-acquire-freehold-site-at-upper-east-coast-road-for-60m\/"},"modified":"2018-06-30T08:02:47","modified_gmt":"2018-06-30T01:02:47","slug":"tee-land-to-acquire-freehold-site-at-upper-east-coast-road-for-60m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tee-land-to-acquire-freehold-site-at-upper-east-coast-road-for-60m\/","title":{"rendered":"TEE Land to acquire freehold site at Upper East Coast Road for $60m"},"content":{"rendered":"


\nTEE Land intends to redevelop the site into a new residential project.
\nBoutique developer TEE Land is set to acquire Teck Guan Ville condo in Upper East Coast Road for $60 million.
\nIn an SGX filing, the company revealed that it has entered into an option to purchase agreement to acquire the freehold site at 338 to 364 Upper East Coast Road. It noted that the sellers are \u201cindependent and unrelated third parties\u201d.
\nMore:\u00a0Developers\u2019 En Bloc Appetite Diminishing: RHB
\nTEE Land intends to build a residential development on the 3,928.8 sq m site.
\n\u201cThe proposed acquisition is subject to due diligence and is expected to be completed by November 2018,\u201d it said.
\nTEE Land does not expect the acquisition, which will be financed by bank borrowings and internal funds, to materially affect the net tangible assets or earnings per share of the group for the financial year ending 31 May 2019.
\nWith this, the company said it will \u201ckeep shareholders informed on further developments of the proposed acquisition as and when appropriate\u201d.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…TEE Land to acquire freehold site at Upper East Coast Road for m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TEE Land intends to redevelop the site into a new residential project. Boutique developer TEE...<\/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-92861","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-o9L","jetpack-related-posts":[{"id":66792,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tee-land-to-acquire-upper-thomson-sites-for-25-74m\/","url_meta":{"origin":92861,"position":0},"title":"Tee Land to acquire Upper Thomson sites for $25.74m","date":"September 19, 2017","format":false,"excerpt":"\r The developer intends to build a residential block on the land. Tee Land has entered into six option-to-purchase (OTP) agreements to acquire the freehold interest in six plots of land at Seraya Crescent in Upper Thomson for $25.74 million. The company intends to build a residential block on the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94931,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tee-land-cancels-en-bloc-purchase-of-freehold-condo\/","url_meta":{"origin":92861,"position":1},"title":"Tee Land cancels en bloc purchase of freehold condo","date":"July 27, 2018","format":false,"excerpt":"\r TEE Land had intended to redevelop the site into a new residential project. Tee Land has decided not to exercise its option to purchase Teck Guan Ville condo, which would have set the company back $60 million. In an SGX filing, the company explained that it had arrived at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27377,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tee-land-to-acquire-ley-choons-real-estate-unit-for-11-5m\/","url_meta":{"origin":92861,"position":2},"title":"TEE Land to acquire Ley Choon's real estate unit for $11.5m","date":"September 27, 2016","format":false,"excerpt":"\r Ley Choon stated in an SGX filing that its subsidiary had entered into an SPA with Tee Land. (Photo: Jonathan Choe, Flickr.com) Property developer Tee Land is acquiring the real estate subsidiary of Ley Choon Group Holdings, in line with the debt restructuring programme that Ley Choon is undertaking\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75297,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-holdings-acquires-freehold-property-from-interested-person\/","url_meta":{"origin":92861,"position":3},"title":"Oxley Holdings acquires freehold property from interested person","date":"December 27, 2017","format":false,"excerpt":"\r Oxley Holdings, via its wholly-owned subsidiary Oxley Amethyst Pte Ltd, has exercised an option to acquire a property along Balestier Road for $38 million from Owen Private Limited. With a land area of around 1,118.4 sq m, the freehold property is zoned residential with commercial on the first storey\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55907,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-holdings-acquires-freehold-property-at-east-coast-for-s10-5mil\/","url_meta":{"origin":92861,"position":4},"title":"Oxley Holdings acquires freehold property at East Coast for S$10.5mil","date":"May 25, 2017","format":false,"excerpt":"\r \u00a0 Oxley Holdings Limited had exercised an option to acquire the freehold property at 494 Upper East Coast Road for S$10.5 million. With a land area of 1,292.1 sq m, the property is zoned \u201cpart residential\/part road\u201d. In an SGX filing, Oxley revealed plans to \u201credevelop the property, subject\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71867,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tee-land-buying-gilstead-road-condo-for-72m\/","url_meta":{"origin":92861,"position":5},"title":"TEE Land buying Gilstead Road condo for $72m","date":"November 15, 2017","format":false,"excerpt":"\r TEE Land has acquired options to purchase all the 11 units at the freehold Casa Contendere condominium at 35 Gilstead Road in District 11 near Newton MRT station for a total of $72 million. \u201cThe sellers are independent and unrelated third parties,\u201d it stated in a recent SGX filing.\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\/92861"}],"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=92861"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/92861\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=92861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=92861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=92861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}