Lian Beng to buy Broadway Plaza for S$51.5m

Construction group Lian Beng has inked a deal to buy Broadway Plaza in Ang Mo Kio for S$51.5 million.

Broadway Plaza is a leasehold 5-storey commercial property in Ang Mo Kio Central facing Ang Mo Kio Avenue 6. It sits on a land area of 18,450 sq ft and has a gross floor area of approximately 55,351 sq ft. The property has about 61 years left on its lease.

It bought this as a “strategic investment” for rental returns, Lian Beng said.

It is making the purchase via a wholly owned subsidiary, LB Gold Land, which is buying Broadway Plaza’s holding company, State Rich International Limited, from Yong Khong Yoong Mark.

Join The Discussion

Compare listings