BBR Holdings to purchase Bukit Timah property for $101.5 mil

SINGAPORE (May 25): Construction and engineering group BBR Holdings has announced that its 62%-owned subsidiary, Alika Properties, today exercised its option to purchase a four-storey mixed-use development known as the Goh & Goh Building for a cash consideration of $101.5 million.

The group’s share of the purchase price will correspond to its shareholding interest in Alika held through BBR Development, its wholly-owned subsidiary.

Located at 110 to 122 Upper Bukit Timah Road, the property is zoned residential with commercial at the first storey, and has a freehold tenure with a land area of 2,968.3 sq m as well as a plot ratio of 3.0.

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