Lian Beng Wins Tampines North Drive 1 Land Parcel
Last Updated: Jan 26, 2016
Goldprime Land Pte Ltd, a subsidiary of Lian Beng and Oxley Holdings Ltd, has won the tender for a plot of land at Tampines North Drive 1 with a winning bid price of S$64,388,888. This 27,395.2 square metre land will be developed according to the eventual approval granted by the authority. This plot is currently graded “Business 2” with an integrated heavy vehicle parking facility.
Goldprime will not rely on both parent companies for development but will depend on internal funding and bank leverages. Lian Beng Group Ltd and Oxley Holdings Limited own 51% and 49% of Goldprime respectively.
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