Centurion Corporation, formerly known as SM Summit Holdings, says JV company Lian Beng-Centurion (Mandai), intends to launch the sale of 141 units of its ramp-up industrial building to be developed on a freehold piece of land in Mandai in the fourth quarter (Q4) of 2011.
The Mandai land has been divided into three plots for separate developments. The first plot will be developed as a workers dormitory with a capacity of 4,700 beds; the second plot will be developed into a 10-storey ramp-up multiple-user general industrial building with a total of 141 units and a canteen; and the third plot may be developed as workers dormitory or industrial spaces.
Construction of the ramp-up industrial building on the second plot of Mandai Land is expected to start in Q4 2011 and likely to be completed within 15 to 18 months.
The 10-storey ramp-up building has a B2 classification, which makes it suited for companies engaged in heavy, clean and light industries, and will have users-direct vehicular access for loading and unloading purposes. The average selling price per square foot for the units is expected to range between $650 and $700.
JV company Lian Beng-Centurion (Mandai) is 45% held by Centurion and 55% by Lian Beng Group.
No comments:
Post a Comment