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Perumal Road Condo  is an upcoming development developed by reputable developer   Low Keng Huat Pte Ltd . Strategically located along   Perumal Road, District 8, Singapore , the condo offers approximately 200 residential apartments with units mix ranging from spacious 1-bedroom units to 5-bedroom penthouse.

A residential with first storey commercial site at Perumal Road in Litte India attracted strong interest from developers, with 11 bids submitted at the close of its public tender on Tuesday (10 February), revealed the Urban Redevelopment Authority (URA).

Low Keng Huat (Singapore) submitted the top bid of $174.08 million for the 0.38ha site. The price works out to about $1,000 psf on the gross floor area. The second-highest bid of $166.7 million came from China Construction (South Pacific) Development, while Hotel Grand Central offered the lowest bid of $90.89 million.

The 99-year leasehold site could yield about 200 homes.

Perumal Road

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Development Name: TBA
Property Type: Condo with commercial space on the 1st storey
Address: Perumal Road
District: 8
Site Area: 3,847.8sqm / 41,417.7sqft
Plot Ratio: 4.2
Developer: Low Keng Huat (Singapore) Limited
No of Units: 170-200 (TBA)
Bid Price: $174.08 millions
Psf ppr: $1,000.71
USP:
• City fringe location
• Near Farrer Park MRT Station
• Surrounded by amenities
• Huge pool of tenants due to close proximity to CBD
• Easy access to CTE & PIE
• Near City Square Mall and Mustafa Centre

Perumal Road Location

CONSTRUCTION firm Low Keng Huat (Singapore) Limited has put in the highest bid for a residential site with first-storey commercial space at Perumal Road.

At a tendered sale price of S$174.08 million, it translates to a very bullish S$1,000.72 per square foot per plot ratio (psf ppr), greatly surpassing some consultants’ expectations of bids ranging from S$800 to S$850 psf ppr.

This was according to an announcement by the Urban Redevelopment Authority (URA) on Tuesday.

The number of bidders at 11 also exceeded the 7-10 bidders that consultants were expecting.

China Construction (South Pacific) Development came in second with a bid of S$166.7 million or S$958.29 psf ppr. Allgreen Properties came in third with a bid of S$161.5 million or S$928.4 psf ppr.

The site at Perumal Road was launched for public tender on Nov 29, 2016. The site was offered for sale on a 99-year lease term under the second half 2016 Government Land Sales programme. With a maximum gross floor area of 16,161 square metres, it can yield about 200 units.

The site enjoys good transport connectivity with its location right beside Farrer Park MRT station. There is also accessibility to the Central Expressway and Pan Island Expressway for private transport, as well as commercial amenities such as City Square Mall, Mustafa Centre, Farrer Park Hospital and Medical Centre, and the upcoming Centrium Square.

Developer

Low Keng Huat (Singapore) Limited (“LKHS”) is a builder established since 1969. Today, its business has grown to encompass building construction, property development, hotels and investments.

The Company is one of the largest general building and civil engineering companies in Singapore in terms of capital employed. It is an A1 registered general building contractor, the highest grade under the Building and Construction Authority of Singapore classification, and is qualified to tender for public sector contracts with unlimited tender sums .

Complementing the construction activity is the Company’s property development business in Singapore and Malaysia.

In addition, Low Keng Huat (Singapore) Limited (“LKHS”)   owns and operates deluxe hotels in Perth (Australia) and Ho Chi Minh City (Vietnam) under the in-house brand Duxton Hotel. Its other hospitality-related business is food & beverage business in Singapore. Among its investment portfolio are investment properties in Singapore, Malaysia and China.


 

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