Metro Holdings to launch condominium project

Property and retail group Metro Holdings will launch its first residential project in Singapore in nearly two decades later this year, reported The Straits Times.

According to its chairman Winston Choo, the condo development will be jointly developed with Wing Tai and UE E&C and will be located at Prince Charles Crescent off Alexandra Road.

The ground-breaking for the project has been set for June 4 and the psf price could be at least S$1,500.

Meanwhile, the group’s Q4 net profit fell 81 percent year-on-year to S$14.9 million.

Source – PropGuru – 30 May 2013

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