The former Park View Mansions on Yuan Ching Road were sold to a Singaporean property developer KSH Holdings, for an estimated S$600 million. Founded in 1979, KSH is a property development, investment, and construction firm. Since February 2007, the company has been listed on the Singapore Exchange. It has made a number of high-profile deals, including the acquisition of the Peace Centre/Peace Mansions in December.
Yuan Ching Road
The former Park View Mansions along Yuan Ching Road have been sold to a joint venture between Sing-Haiyi Pearl and CEL Development, who both have a 40% stake in the joint venture. The Tang family, which owns the Sing-Haiyi Pearl, is also involved. KSH Holdings is the other joint venture partner. Together, the three parties plan to buy and redevelop the site. The joint venture will be funded through internal funds and external borrowings.
The new owners of the Yuan Ching Road …