>

LHN completes acquisition of eight units at Fu Yuen Building on Beach Road

/ EdgeProp Singapore |

July 13, 2021 3:25 PM SGT

[Edit: An earlier version of this article stated that LHN Group had completed the acquisition of four more units at 75 Beach Road. It has been updated to reflect that the company has instead completed the payment for the eight units it purchased in April 2021.]

SINGAPORE (EDGEPROP) - Local real estate services company LHN Group has completed its acquisition of eight units in Fu Yuen Building at 75 Beach Road. (See also: LHN Group records net profit of $15.3 mil for 1H2021)

The group entered into an option to purchase the eight units in April this year for $16.8 million. The company announced on July 13 that it has completed the final payment towards the acquisition.

The purchase consists of eight units on the third to sixth floors of the six-storey building, and each floor consists of two units.

LHN Group says that it will convert the entire third and fourth floors into its new headquarters office. The headquarters will be moved from its current space at 10 Raeburn Park.

The company will convert the fifth and sixth floors of 75 Beach Road into a co-working and co-living space that will be managed by its residential brand, Coliwoo. In Singapore, the brand already manages over 800 co-living rooms in Balestier, Boon Lay and Bukit Timah.

Check out the latest listings near Fu Yuen Building, 75 Beach Road

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

Subscribe to our newsletter

Top Articles

1

UOL and CapitaLand to acquire Thomson View Condo for $810 mil

2

Is it a Good Deal?: A freehold three-bedroom in D9 sold for $3.27 million, making a $2.03 million profit

3

Chuan Park attracts 5,000 visitors on first day of preview

4

CDL's Norwood Grand achieves 84% sales at an average price of $2,067 psf

5

Executive Condo launches in the pipeline to test new highs of $1,700 psf

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.