Vincent Ong 6598531741

Parc Botania to boost Sing Holdings

  • KGI Securities expects Parc Botania, a 735-unit private residential project at Fernvale Road in Sengkang.
  • Sing Holdings currently owns a 70 percent stake in the development, while the remaining 30 percent is held by Wee Hur.
  • KGI expects profit to reach $103 psf over the saleable area of 555,288 sq ft. It noted that High Park Residences, which is located right next to the project, moved 1,399 units for $988 psf within 20 months.

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