Wing Tai has signed a collective sale agreement to acquire Ardmore Point at Ardmore Park for S$201 million.
It plans to redevelop the 60,500 square foot site into a new residential property development for sale.
The site has plot ratio of 2 point 8 times.
Wing Tai earlier bought Newton Meadows, Belle Vue in Oxley Walk, and Phoenix Mansion in Cairnhill Road to add to its land bank.
Source: Channel NewsAsia, 11 October 2006