[ET Net News Agency, 29 July 2019] CNQC International Holdings Limited (01240) said a
tender submitted by its indirectly wholly-owned subsidiary, CNQC Realty (Treasure)
Investment Pte. Ltd, for the purchase of all strata lots and the common property in the
development known as Phoenix Heights, at a total consideration of S$42.6 million has been
duly accepted by the vendors of Phoenix Heights, representing over 80% of the total owners
of Phoenix Heights.
Phoenix Heights, situated at 2/A-B to 24/A-B Phoenix Road (even numbers only),
Singapore, is a strata development consisting of 12 commercial lots, 24 residential lots,
with a total land area of approximately 63,000 sq.ft.
The land site is planned for redeveloping into residential apartments after completion
of the property purchase with an expected plot ratio of approximately 1.4. (RC)