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[6 Jul 2010 | No Comment | ]
Boutique developer buys Kim Keat site for $36m

From the earlier article on sale of Colorscan building at 21 Kim Keat Road, it has been successfully acquired by a boutique developer BS Capital for just over $36 million or $670 per square foot of potential gross floor area, including an estimated development charge of almost $25 million.
Looking at the recent transactions of the residential aparment, D Lotus which is located just across the road Ampas Road, the prices have been pretty good at more than $1100 psf for relatively small units. Unsurprisingly, the successful buyer BS Capital is …

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[20 Apr 2010 | No Comment | ]
Walking along Kim Keat Road

Walking along the Kim Keat Road gives me a sense of nostalgia and laid back feel. The stretch of shophouses is made up of mix of two to 4 storey heights. They are of the more latter construction, and do not carry much of colonial influence in the design. A couple of units are not well taken care of, and they need face lifting.
 

Turning towards the Kim Keat Lane, you would see Fayidha Restaurant. It is a 24 hours shop serving Indian and Indian-Muslim food. I had the roti prata …

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[15 Apr 2010 | No Comment | ]
National Kidney Foundation Building at Kim Keat Road

 

Not sure if you still recall the NKF saga that happened years back. Often I bypass the NKF building along Kim Keat Road, and I would still recall the outrage of Singaporeans when the scandal involving the charity broke out following the collapse of a defamation trial against the reportor and SPH in 2005. It had subsequently led to the resignation of notorious CEO T.T. Durai and its board of directors. Remember the outrage of many donators cancelling their monthly contribution, and the NKF headquarter at Kim Keat Road was …

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[5 Apr 2010 | No Comment | ]
21 Kim Keat Road, off Balestier Road put up for Sale

With the successful precedent transaction of the 3 storey industrial terrace factory building at No. 6 Jalan Ampas on February this year, there is another industrial site in Balestier put up for sale.

It is a freehold industrial site at No. 21 Kim Keat Road at an asking price of $42 million. Within the same Balestier area, this site is potentially to be re-zoned under the Urban Redevelopment Authority planning to residential use of a gross plot ratio of 2.8
The asking price of 42 million works out to S$734 per square foot …

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[29 Dec 2009 | No Comment | ]
Kim Keat Area: In Toa Payoh or Balestier?

If you are confused why there is a Kim Keat Avenue in Toa Payoh, and Kim Keat Road in Balestier and Whampoa area, the reason being that the Kim Keat area is divided up by the construction of Pan Island Expressway in early time. However one is still able to walk over from Kim Keat Road toward Lian Shan Shuang Lin Monastry in Kim Keat Avenue using the overhead bridge. Kim Keat Area consist of Kim Keat Road/Lane/Close, and Kim Keat Avenue. It is off Balestier Road. It was named …

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[26 Dec 2009 | No Comment | ]
Kim Keat Garden: A good bargain

A 3 bedroom unit of 1335 sqft from Kim Keat Garden is calling for $755,000, working out to be $565 psf is quite a steal. Though it is a 99 year tenure development with only basic provision of carpark and security, it is quite a good bargain with surrounding resale prices fetched from $800 psf to $1000psf. Bliss Loft located next to Kim Keat Garden, a new launched freehold apartment with condo facilities, is fetching close to $1000 psf.
The unit is located at 5th level, and is well kept. If …

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