KSH, Lian Beng and Heeton to develop 110-unit project in Geylang

/ EdgeProp
March 8, 2018 11:57 AM SGT
Development 24, a joint venture company owned by KSH Holdings (48%), Lian Beng Group (42%) and Heeton Holdings (10%), has completed the acquisition of the odd-number properties at 31 to 51 Geylang Lorong 24, announced the JV partners on March 5. The purchase consideration is $60 million for the freehold properties with a combined land area of approximately 26,178 sq ft.
The JV partners intend to develop a block of 8-storey residential flats, with approximately 110 units, a sky garden, swimming pool and multi storey carpark, subject to obtaining all the necessary approvals from the relevant authorities. No further payment of development charges are expected to be necessary for the proposed development.