>

>

UOL Group buys 333 North Bridge Road for $79.3 mil

By Charlene Chin

/ EdgeProp Singapore |

November 26, 2019 6:17 PM SGT

SINGAPORE (EDGEPROP) - UOL Group has acquired KH Kea Building at 333 North Bridge Road for $79.3 million.

The nine-storey commercial building enjoys a 999-year leasehold tenure and occupies a total site area of about 4,684 sq ft, with a total gross floor area (GFA) of about 29,049 sq ft.

There is a further GFA of approximately 3,218 sq ft that may be built, says Edmund Tie, the sole marketing agent for the sale.

It is located on a corner plot with dual frontage along North Bridge Road and Cashin Street, with views of the iconic Raffles Hotel.

“The tender attracted very keen interest from a wide spectrum of end-users, investors and developers, both local and international, highlighting the rare availability and consistently strong demand for well-located prime commercial buildings. This also underscores Singapore’s position as one of the top cities for real estate investment,” says Swee Shou Fern, executive director of investment advisory at Edmund Tie.

Read also:

Mixed-use development in Balestier for sale at $14.7 mil

Woodlands Industrial Park site launched under IGLS programme

Liam Wee Sin of UOL Group: Cyclist, conservationist, chief executive

Tags:

UOL Group 333 North Bridge Road nine-storey 999-year leasehold commercial building public tender Swee Shou Fern EDMUND TIE GFA

Follow Us

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

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

Our Site

Follow Us

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.

View More

Close Ad

00:00