Friday, February 24, 2012

Peter Kwee sells Nassim Rd plot for about $47.8m

Business Times: Fri, Feb 24
(SINGAPORE) Motoring tycoon Peter Kwee is said to have sold a vacant plot along Nassim Road for about $47.8 million or $2,000 per square foot (psf) based on its freehold land area of about 23,920 sq ft.


While the psf land price for the transaction is slightly shy of the $2,081 psf islandwide record for a Good Class Bungalow (GCB) Area set last year, it is nonetheless said to be a fresh high for Nassim Road.


Newsman Realty confirmed it brokered the latest deal. The buyer is a Singaporean businessman, said the firm's managing director KH Tan...

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