KH Kea Property Sold for S$79.3 Million

Dairy Farm Residences new launch

The only marketing agent for the sale of KH Kea Building at 333 North Bridge Road, is Very Happy to announce the sale of Their House into UOL Group Limited in SGD79.3m.

Checkout the Dairy Farm Residences new launch for more info.

There’s a further GFA of about 299.0 sq m (roughly 3,218 sq feet ) that could possibly be constructed. Prominently situated on a corner plot with double frontage along North Bridge Road and Cashin Street, followed by views of this iconic Raffles Hotel around, the property occupies a prime place at a few of the most exciting and lively work-live-play precincts from the city center.

Well-served by a large host of conveniences that’s easy to get in the area, the property enjoys superb access, being served by four MRT stations situated inside a 500-metre radius — the Raffles Place financial district and Orchard Road shopping belt are equally merely an MRT stop off.

The executive manager of investment advisory, Swee Shou Fern, commented,”The tender drawn quite keen attention from a broad range of end-users, developers and investors, both local and global, highlighting the uncommon accessibility and always strong need for well-located prime industrial buildings. Additionally, this underscores Singapore’s standing among the very best cities for property investing.

Total investment earnings worth in Singapore jumped 33.8 percent q-o-q in Q3 2019, together with increased sale action for industrial assets. Investment sales at the office section rose from roughly $2.827bn to $3.180bn from Q2 2019 into Q3 2019″