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Real Estate Lawyers |

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Partner
Real Estate
melanie.lim@rodyk.com
+65 6885 3651
Acted and led the transaction for the developer Far East Organization (FEO) in the successful launch of the 319-unit The Greenwich located in Seletar Hills. Prices ranged from S$650,000 to S$1.25 million with the price psf at S$980 on average, a record for the area. 80 of 96 units released for sale during a special preview were snapped up.
Acted in the real estate aspects for Overseas Union Enterprise (OUE) in securing a S$425 million term loan facility from OCBC bank. OUE, through its subsidiary Cove Development, will use the loan to finance the development and cost of construction of a property at Leonie Hill Road. In addition, OCBC has also made available to Cove an interest rate swap facility for a notional amount up to S$375 million. This is for fixing interest swap transactions for tenure of up to four years or at the end of September 2014.
Acted for Far East Organization in the acquisition of a white site which has since been developed into the existing The Central, which comprises the first SOHO (small office home office) development in Singapore. Rodyk also acted for Far East Organization in the sale of units downstream. This project is the first integrated live-work-play development along the Singapore River.
Acted for CapitaCommercial Trust Management Limited, the manager CapitaCommercial Trust ("CCT"), in the sale of Starhub Centre at the price of S$380 million. The sale was carried out by way of private tender.
Acted for joint venture partners Opal Star Pte Ltd, a subsidiary of Frasers Centrepoint Limited, and Lum Chang Building Contractors Pte Ltd in their successful bid for a 19,000 sq m executive condominium site in Sengkang. Their bid of S$193.28 million or S$315 psf beat 10 others which ranged from S$121.8 million to S$190.7 million. The Sengkang site is near Buangkok MRT station and can be developed into 520 apartments.
