15 Dec 2020
Largest private redevelopment site sold in 2020
Partners Norman Ho, Chou Ching and Loh Chun Kiat from Rajah & Tann Singapore acted for Mediacorp Pte. Ltd. in the largest private redevelopment site sold in 2020 in the $280.9 million sale by tender of the entire issued and paid-up capital of the company holding the site of the former Caldecott Broadcast Centre, with a land area of 69,864.5 square metres. The property is currently zoned “Civic & Community Institution” in the 2019 Master Plan, and currently has a balance lease term of 73 years out of its 99-year leasehold.