The popular Longhouse food court has been acquired by a listed developer to make way for a commercial/residential mixed development.
A popular food court along Upper Thomson Road is changing hands for $45.2 million.
A unit of mainboard-listed TEE Land is acquiring Longhouse, the company said in a filing on Jan 7 to the Singapore Exchange.
The 1,576 square metre freehold site is zoned for commercial and residential use under the 2008 Master Plan, with a maximum plot ratio of 3.
TEE Land intends to redevelop Longhouse into a commercial cum residential development. The property was a family held asset.
Source: http://www.straitstimes.com/breaking-news/money/story/longhouse-food-court-upper-thomson-road-sold-452-million-20140107