Ho Bee, IOI Properties win Sentosa’s last prime condo site
A tie-up between Ho Bee and Malaysia’s IOI Properties has clinched the last prime condominium site on Sentosa for S$1.1 billion.
The price for the Pinnacle Collection works out to S$1,822 per square foot per plot ratio.
Ho Bee will have a 35 percent stake while the remaining interest will be held by IOI.
The 99-year leasehold site covers 232,000 square feet and has a plot ratio of 2.6.
The condominium development is expected to yield about 360 units and have a maximum height of 20 storeys.
Source : ChannelNewsAsia - 9 Jan 2008
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