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Fragrance Group acquires other Waterloo Street apartment for $141 mil

Uma Devi
Uma Devi • 1 min read
Fragrance Group acquires other Waterloo Street apartment for $141 mil
SINGAPORE (Sept 4): Fragrance Group is acquiring Min Yuan Apartments, through its wholly-owned subsidiary Fragrance Victory, for $141 million.
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SINGAPORE (Sept 4): Fragrance Group is acquiring Min Yuan Apartments, through its wholly-owned subsidiary Fragrance Victory, for $141 million.

Located at 62 Waterloo Street, Min Yuan Apartments has a tenure of 999 years a land area of 1,359 sqm with a plot ratio of 4.2.

With redevelopment, Fragrance said the property could potentially yield a gross floor area (GFA) of 5,708 sqm, subject to the payment of a development charge of $19.55 million.

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