This week in property: Highlights from Oct 8 to Oct 12

By Rachael Tan / EdgeProp | October 12, 2018 2:44 PM SGT
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Property highlights of the week from Oct 8 to Oct 12:
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Singapore-listed property development and investment holding company Lafe Corp, announced on Oct 9 that its wholly-owned subsidiary Gioia Fund Pte Ltd, “will not complete” the proposed acquisition of Fairhaven, a 15-unit apartment block on Sophia Road.
According to Lafe Corp, based on the terms and conditions of the contract, failure to complete the purchase will result in the deposit and a further deposit already paid totaling $5.7 million being forefeited by the vendors.
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The property is in the Bedok Town Centre which has a private and public residential population of more than 300,000.
A commercial property at 101 Bedok North Avenue 3 is up for sale via expression of interest (EOI), announced marketing agent Savills Singapore.
The property is in the Bedok Town Centre which has a private and public residential population of more than 300,000. 101 Bedok is between the arterial roads of Bedok Central and Bedok North Street 1, and the site is elevated from the main road. It is also served by the Bedok MRT station on the East-West line, which is an eight-minute walk from the property.
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Constructed in the 1980’s, the 40-unit development is situated just 250m from the upcoming Katong Park MRT Station on the Thomson-East Coast (TEL) line. (Credit: JLL)