>

Koh Brothers JV to develop mixed-use project in Johor

By Angela Teo

/ EdgeProp |

February 21, 2018 3:05 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

Singapore-listed construction and property development firm Koh Brothers Group has formed a joint venture vehicle with two partners to develop a mixed-use project in Johor. That is estimated to have a gross floor area of about 449,539 sq ft.

The partners are a Malaysian subsidiary of Singapore real estate company Tang Group of Companies, as well as a special purpose vehicle (SPV) 100% owned by the Tang Group unit.

Following the completion of proposed share subscription by Koh Brothers in the SPV, it will be 25:75 owned by Koh Brothers and the Tang Group unit.

(Credit: The Edge Singapore)

The JV agreement is conditional upon, among other factors, the Malaysian unit of Tang Group transferring the land plot meant for the mixed-use development in Pulai District, Johor Bahru to the SPV. The SPV will purchase the leasehold interest of the land for about RM35 million ($11.82 million).

Koh Brothers’ total investment in the SPV will amount to about RM7.5 million, including a RM250,000 subscription price for shares in the SPV.

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

World’s largest Mercure Hotel opens on Club Street

5

Luxury living in the new heart of Bukit Timah

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.