PETALING JAYA: IOI Properties (S) Pte Ltd (IOIP), a wholly owned unit of IOI Properties Bhd, together with its joint venture partner, Ho Bee Investment Ltd, have successfully tendered for a 5.3-acre land parcel in Singapore’s Sentosa Cove, for S$1.097bil cash. The 99-year leasehold land parcel under the Pinnacle Collection has a maximum permissible gross plot ratio of 2.6. The site would have a condominium of up to 20 storeys, the tallest building in Sentosa Cove. The maximum number of units allowed in the development is 357, while the maximum permissible gross floor area is 602,359 sq ft.
(9-1-2008 The Star)
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