Low Keng Huat to acquire property adjacent to Cairnhill Mansions for $100 mil

SINGAPORE (June 7): Property developer Low Keng Huat (Singapore), through its subsidiary Glopeak Development, has entered into an agreement to purchase the freehold property at 67 Cairnhill Road and two nearby land lots for a total of $100 million.

The property, located in Singapore’s prime District 9, spans some 19,800 sq ft and has a plot ratio of 2.8.

It is adjacent to the Cairnhill Mansions condominium at 69 Cairnhill Road, which Low Keng Huat had acquired in February this year via an en bloc sale for $362 million.

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