TEE Land is purchasing Teck Guan Ville condo in Upper East Coast Road in a collective sale worth S$60 million.

It announced in a Singapore Exchange filing that it has entered into an option-to-purchase agreement to acquire the freehold, 3,928.8 sq m plot located at 338 to 364 Upper East Coast Road.The plan is to build a residential development on the land, Tee Land said in a Singapore Exchange filing on Thursday evening. The proposed acquisition is subject to due diligence and is expected to be completed by November 2018.

It will be financed by internal funds and bank borrowings, and is not expected to have any material impact on the group’s net tangible assets or earnings per share for the financial year ending May 31 2019.

Last year, it scooped up the freehold Casa Contendere at 35 Gilstead Road through a collective sale for S$72 million and a strata development comprising six townhouses along Seraya Crescent off Upper Thomson Road through a collective sale at S$25.74 million.

It is accessible through the nearest train stations such as Bayshore MRT (TE29) Thomson-East Coast Line Due 2023, Siglap MRT (TE28) Thomson-East Coast Line Due 2023, and Bedok South MRT (TE30) Thomson-East Coast Line Due 2024. The nearest primary schools are Temasek Primary School, Haig Girls’ School, and Bedok Green Primary School.

This property is close to amenities like NTUC FAIRPRICE (NEW UPPER CHANGI), Sheng Siong Hypermarket(new Upper Changi), and Giant(bedok North Street 1). The closest shopping malls are BEDOK POINT, BEDOK MALL, and SIGLAP SHOPPING CENTRE.

Things you might want to know more about New Launch Condo @ Upper East Coast Road District 16 Singapore.

• New Launch Condo @ Upper East Coast Road Brochure
• New Launch Condo @ Upper East Coast Road Showflat
• New Launch Condo @ Upper East Coast Road Location
• New Launch Condo @ Upper East Coast Road Floor Plan
• New Launch Condo @ Upper East Coast Road Price PSF
• New Launch Condo @ Upper East Coast Road Developer Sale
• New Launch Condo @ Upper East Coast Road VIP Preview

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