Rezi 24 @ Lorong 24 Geylang Singapore

A new launch condo development, Rezi 24 is coming your way at Lorong 24 Geylang.

A joint venture (JV) between Heeton Holdings, Lian Beng Group and KSH Holdings has completed the acquisition of several freehold land parcels at 31 to 51 (odd) Lorong 24 in Geylang for a total of $60 million on Monday (5 March).

According to an SGX filing on released on the same day, the sites with a combined land area of about 2,432 sq m was purchased by the JV firm known as Development 24.

Heeton Holdings owns a 10 percent stake in the entity. Lian Beng controls 42 percent, while KSH Holdings holds the remaining 48 percent.

The JV Firm, Development 24 intends to develop Rezi 24 into a block of 8-storey residential flats (approximately 110 units in total) with sky garden, swimming pool and multi-storey carpark, subject to all the necessary approvals from the relevant authorities.

“No further development charges are expected to be necessary for the proposed development,” they said in a statement.

The acquisition is not expected to have any material impact on the net tangible assets per share and earnings per share of the three companies for their current financial years.

Rezi 24 is easily accessible via the closest MRT Station, Dakota MRT, besides, just a few minutes via East Coast Parkway Express and Pan Island Expressway, the world leading conveniences await you.

WHY YOU SHOULD BUY 24 REZI

Rare FREEHOLD development in District 14
Close to Dakota MRT, Aljunied MRT Station, Mountbatten MRT Station
East Coast Parkway and Pan Island Expressway are available
ONE KM mall, City Plaza, New Sports Hub Mall, Leisure Park Kallang are in the vicinity
Just 7 mins’ drive to Fairprice, Cold Storage, Giant
Near Singapore Badminton Hall, Geylang Stadium, Kallang Netball Centre, Kallang Squash & Tennis Centre
ONLY 110 premium units

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