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Another McDonald's Place Going, Going, Gone .....


Maxus-MIFA9
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Losing another nice McDonald's Restaurant soon after East Coast Park..... [:(][:(]

 

 

CNA reported: McDonald's Place sold to Oxley Holdings for S$150m

Posted: 10 April 2012 2341 hrs

SINGAPORE: Boutique property developer Oxley Holdings has acquired McDonald's Place for S$150 million.

 

In a statement released on Tuesday, Oxley said its subsidiary Oxley Sanctuary had purchased all seven strata commercial units in the freehold development located at King Albert Park from Valewood Investments Pte Ltd.

 

The freehold two-storey commercial building is sited on a land area of 5,535 square metres that is zoned for commercial and residential use with a plot ratio of 3.

 

The developer said it intends to set up a joint venture with Unique Rezi and Luxe Development to redevelop the property, subject to obtaining all the necessary approvals from the relevant authorities.

 

Oxley will hold a 55 per cent share in the proposed joint venture, Luxe Development - a wholly owned subsidiary of Lian Beng Group - will own 15 per cent, with the balance 30 per cent share held by Unique Rezi.

 

The acquisition is not expected to have a material impact on the earnings per share or net tangible assets per share of Oxley for the current financial year ending June 30, 2012.

 

- CNA/wm

 

 

Have fond memories of this King Albert Park McDonald' cos on duty after midnight, drove there to buy snack..... [flowerface]

 

Hope the one in Queenstown garden will not close down... [sweatdrop]

 

 

 

 

 

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Those McDonald's restaurants inside garden are [thumbsup] ... Don't like those in shopping centres & HDB estates... [:(]

 

Can really enjoy a good relax meal with the beauty of the trees, flowers and bushes. [:)]

 

So far I only know this few places:

 

1) Queensway

2) AMK Ave 6

3) West Coast Park

 

 

Can anyone help, is there one at Bishan Park II, enter by AMK Ave 1, do remember one restaurnt there but forgot if it is McDonald's.

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kudos to Oxley Holdings for helping pple to cut down on junk food..on a side note..plot ratio 3 means there might be an very tall building coming up

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kudos to Oxley Holdings for helping pple to cut down on junk food..on a side note..plot ratio 3 means there might be an very tall building coming up

Going to McDonald's doesn't mean junk food. One can avoid ordering heavy meal.

 

For me, a cup of McCafe with some friends chit chating away in relaxing mood.... -_--_-

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Where or which location, Had gone to JP so many times but have not seen it. [cool]

In the Ludo garden - when you go on the Boonlay way from city side , it is on the left after Jln Boon lay.

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All the old macD site is going down one after another! Looks like only the MacD at Jurong Central park should be the one left standing.

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Where or which location, Had gone to JP so many times but have not seen it. [cool]

 

 

just outside .............at the junction of jalan boon lay and boon lay way.........entrance is from boon lay way after the junction towards tuas.......... :D :D

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All the old macD site is going down one after another! Looks like only the MacD at Jurong Central park should be the one left standing.

 

 

this one is relatively new...........and don't suppose can build anything else there.............the land is not very big.........with alot more lands just behind it i think..........not sure if the land there belong to JTC........... :D :D :D

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singapore getting less baby, need so many mcdonalds for what? :D

 

I am quite sure we have the highest concentration of Mcdonald's in the world. [laugh]

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this one is relatively new...........and don't suppose can build anything else there.............the land is not very big.........with alot more lands just behind it i think..........not sure if the land there belong to JTC........... :D :D :D

Since it is relatively new, so i guess this macD should be there for a few good years before it is gone. :D

Edited by 13177
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Actually the outlets in sg should be lesser as compared the golden years. Example there is one outlet in all the terminal in airport, but now seems like only left one.

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