LHN Group signs lease agreement for 2 Mount Elizabeth Link

The tenancy of the property will be recognised as right-of-use assets for an amount of approximately $11.3 million.

SINGAPORE (EDGEPROP) - Real estate management firm LHN Group has announced that it has entered into a three-year Lease Agreement for a residential property at 2 Mount Elizabeth Link. Its wholly owned subsidiary Erinite Properties signed the lease with the landlord Eastern Realty on Nov 29.

The lease term commences on Dec 1, with a tenancy period of 15 years in total. The tenancy of the property will be recognised as right-of-use assets for an amount of approximately $11.3 million.

The property is a 22-storey building with 72 residential units and the site features a basement carpark. Amenities found in the development include a swimming pool, a spa pool, a children’s play area, a barbeque area, a gym, and landscaped gardens.

LHN says that it intends to renovate the property and operate it as a serviced apartment under its co-living brand Coliwoo. Rooms will be renovated and configured to create dual and triple room units as suitable co-living spaces, they add.

Check out the latest listings near Mount Elizabeth Link

See Also:

• Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools

• New Launch Condo & Landed Property in Singapore (COMPLETE list & updates)

• Balestier Hotel sold for $15 mil

• LHN Group buys industrial complex in Tuas for $21 mil

• LHN Group records net profit of $15.3 mil for 1H2021

• En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc

• HDB Resale Flats Up For Sale, Affordable Units Available