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Bukit Sembawang Estates successfully acquires Bukit Timah Link land parcel at tender price of $200 mil

Felicia Tan
Felicia Tan • 2 min read
Bukit Sembawang Estates successfully acquires Bukit Timah Link land parcel at tender price of $200 mil
The transaction, which constitutes about 17.54% of the group’s market capitalisation as at Nov 15, will be funded by internal resources and bank borrowings, says the group. Photo: Bukit Sembawang Estates
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Bukit Sembawang Estates announced that it has successfully acquired the prime site at Bukit Timah Link at a tender price of $200 million or $200,001,888.

The tender was submitted by Bukit One, the company’s wholly-owned subsidiary, to the Urban Redevelopment Authority (URA).

The URA officially awarded the site to Bukit One on Nov 15.

TAGS
Bukit Sembawang Estates
land parcel
Urban Redevelopment Authority (URA)

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