- POSTED: 07 Jan 2014 22:11
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In what could be bad news for foodies, the popular Long House Food Centre along Upper Thomson Road has been sold to TEE Ventures, a subsidiary of TEE Land Limited, for S$45.2 million.
SINGAPORE: In what could be bad news for foodies, the popular Long House Food Centre along Upper Thomson Road has been sold to TEE Ventures, a subsidiary of TEE Land Limited, for S$45.2 million.
A statement by Knight Frank Singapore said that under the 2008 Master Plan, the 16,960 square feet (1,575.6 sqm) freehold site is designated for "Commercial and Residential" use, with a Gross Plot Ratio of 3.0.
It said that the site is suitable for redevelopment into a four-storey mixed-use development with shops on the lower levels and residential apartments on the upper levels.
The property is located close to Marymount MRT Station and the upcoming Upper
Thomson MRT Station, Thomson Plaza shopping mall as well nearby dining, shopping and entertainment facilities.
It is strategically located next to an exclusive enclave of low-rise housing estate in the well sought-after Upper Thomson area.
Vehicular access to other parts of the island is also enhanced by its close proximity to Central Expressway and Pan Island Expressway.