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https://www.theedgesingapore.com/low-keng-huat-acquires-cairnhill-mansions-362-mil-en-bloc-sale
If my pal the CEO of Low Keng Huat Ltd dares to fork out $362m to purchase Cairnhill Mansion at $2311 psfppr (per sq foot per plot ratio), you can be sure that residential property price will surge in the next few years.
Low profile CEO Low Keng Boon only makes huge bets on sure-win deals.
At the price of $2311 psfppr, LKH will need to sell his completed luxurious development at $3500 to $3800 psf to make a decent profit.
Just like what he told me in 1995 about the population growth from 3.3m to 5.6m, I believe that Pinkie must have told him he's going to grow the population to 10m.
If you need to be convinced further, just take a look at the enbloc sale boom in the last 12 months.
Don't hesitate, quickly go and purchase one or two units of condominium in the Central Core Region and if you don't make a hefty profit in one to two years time, you will not find me in this forum anymore.
P/S: Pearl Bank apartments failed to find a buyer in their last four attempts to sell enbloc; was recently purchased by Capland at $725m.
Normanton Park was purchased by a PRC/HK consortium for $1.05b after their fourth attempt to sell enbloc.
Cairnhill Mansions tried to sell enbloc on five attempts and failed find a purchaser and now super cautious & conservative Low Keng Boon has come out to buy it.
Other significant well connected buyers of enbloc land sales include Robert Kuok, the Kweks and the Wees.
If my pal the CEO of Low Keng Huat Ltd dares to fork out $362m to purchase Cairnhill Mansion at $2311 psfppr (per sq foot per plot ratio), you can be sure that residential property price will surge in the next few years.
Low profile CEO Low Keng Boon only makes huge bets on sure-win deals.
At the price of $2311 psfppr, LKH will need to sell his completed luxurious development at $3500 to $3800 psf to make a decent profit.
Just like what he told me in 1995 about the population growth from 3.3m to 5.6m, I believe that Pinkie must have told him he's going to grow the population to 10m.
If you need to be convinced further, just take a look at the enbloc sale boom in the last 12 months.
Don't hesitate, quickly go and purchase one or two units of condominium in the Central Core Region and if you don't make a hefty profit in one to two years time, you will not find me in this forum anymore.
P/S: Pearl Bank apartments failed to find a buyer in their last four attempts to sell enbloc; was recently purchased by Capland at $725m.
Normanton Park was purchased by a PRC/HK consortium for $1.05b after their fourth attempt to sell enbloc.
Cairnhill Mansions tried to sell enbloc on five attempts and failed find a purchaser and now super cautious & conservative Low Keng Boon has come out to buy it.
Other significant well connected buyers of enbloc land sales include Robert Kuok, the Kweks and the Wees.
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