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TEE Land acquires freehold land in Upper East Coast for $60 mil

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TEE Land acquires freehold land in Upper East Coast for $60 mil

Samantha Chiew Published on Thu, Jun 28, 2018 / 5:52 PM GMT+8

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SINGAPORE (June 28): TEE Land says that it will be acquiring the freehold interest in a plot of land located at 338 to 364 Upper East Coast Road, which is currently Teck Guan Ville, for a consideration of $60 million.

The plot of land has a land area of about 3,928.8 sqm and the group plans to build a residential development on it.

The group will fund the acquisition through internal funds and bank borrowings.

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