Perennial Holdings to sell former Mediacorp site for S$350mil to focus on healthcare and healthcare real estate


Zoned for civic and community institution use, the 752,014-square-foot leasehold land could be redeveloped into more than 60 two-storey bungalows. - Photo: SAVILLS SINGAPORE

SINGAPORE: Real estate and healthcare company Perennial Holdings has put up for sale, at a guide price of more than S$350 million, the former Caldecott Broadcast Centre site it had acquired from national broadcaster Mediacorp.

An entity jointly owned by Perennial and Wilmar co-founder Kuok Khoon Hong had bought the hilltop site for $280.9 million in late 2020 to build what was to be the biggest cluster of leasehold Good Class Bungalows (GCBs) in a predominantly freehold GCB area in Caldecott Hill.

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