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| Market Talk Talk about the stock market. We welcome everyone! |
Topic Review (Newest First)
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| 08-08-2018 02:25 PM | |
| librarian777 |
The Hyde Singapore The Hyde condo site is actually an amalgamation of two prime parcels of land. It comprises the former Balmoral Mansions 30,200 sq ft parcel at 11 Balmoral Road, and the Balmoral Gardens 36,752 sq ft plot at 11b Balmoral Road. Aurum Land bought both – Balmoral Mansions in end 2017, and Balmoral Gardens in early 2018 – to combine and redevelop as one project. This allows a good sized high-end development to be built, with greater scope for landscaping and provision of more facilities. The Hyde condo site also enjoys dual frontages, at the main Balmoral Road, and a side road. The sales of both parcels of land had 100% approval from their respective strata owners. Hence, Strata Titles Board’s approval for the sales were not required, and Aurum could take possession of the sites quickly. Aurum Land would then be able to build and market the new development without undue delay. |
