Sim Lian clinches Anchorvale Crescent EC site for $157.8m
It will be financed by internal funds and bank borrowings.
Sim Lian has been awarded an Anchorvale Crescent Executive Condominium site by the Housing and Development Board (HDB).
Sim Lian is forking out $157.8m for the site, which has an area of 17,450.10 square metres and a maximum gross floor area of 52,350.30 square metres.
The acquisition and development of the project will be financed by internal funds and bank borrowings, and the transaction is not expected to have any material effect on the group’s consolidated earnings and net tangible assets per share for the current financial year ending 30 June 2015