Fragrance Group and World Class Land (WCL), the property development subsidiary of Aspial Corporation announced the incorporation of a special purpose company -- Bayfront Ventures -- on Tuesday. This is in conjunction with the proposed acquisition of Keypoint for S$360 million from British and Malayan Trustees, the trustee of Frasers Commercial Trust. Keypoint is a 25-storey commercial development...
World Class Land
Aspial Corporation has submitted an offer through its subsidiary World Class Land to purchase Chong Kim Apartment at 8 Bassein Road for S$41.1 million. The apartment was offered for sale by tender on May 12. Aspial says the offer has been accepted. The freehold Chong Kim Apartment has a land area of 1,426.9 square metres and is zoned for residential use. It has a plot ratio of 2.8 and can be developed...
A cluster of 18 shophouses fronting Joo Chiat Road and Onan Road has been sold to property developer World Class Land for S$25.6 million. This translates to S$410 per square foot on the existing gross floor area of the properties. World Class Land is a unit of public-listed Aspial Corp. The freehold site consists of two back-to-back rows of nine shophouses, each three-storeys tall. The total gross...