IOI Prop Buys Land In Singpore for RM2.5 b

IOI Prop said the land was part of the Sentosa Cove marina resort and housing project on Sentosa Island and would be used for the development of a 20 storey condominium that would offer panoramic views of the South China Sea and Singapore city skyline.

(Malaysian Reserve 11-1-2008)

IOI Properties Wins Sentosa Land Bid

IOI Properties Bhd and Ho Bee Investment Ltd have won a bid to buy land on the resort island of Sentosa, Singapore, for S$1.097 billion (RM2.5 billion).IOI Properties, a unit of planter IOI Corp Bhd, and its Singaporean partner will build a 20-storey condominium on the 2.12ha site in Sentosa Cove. Sentosa Cove is a marina resort and waterfront housing project on Sentosa island.

(10-1-2008 New Straits Times)

IOI Prop Unit Buys S’pore Land For Condo Project

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.

(10-1-2008 The Star)

IOI Properties JV gets RM2.5b Sentosa Cove tender

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)