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1. Written by News on 28-10-2009 02:17
 
 
82% snapped up in soft launch
Eighty-two per cent of the residential development, Lincoln Suites , was snapped up within four days of the soft launch. 
 
A total of 46 of the 56 units under phase one were taken up by the close of the soft launch on Sunday. This comprised 15 studio units and 31 one-to-three bedroom units. 
 
Lincoln Suites is a 30-storey, freehold development off Newton Road. It is targeted to be officially launched this weekend and completed by the end of 2014. 
 
The consortium behind the project comprises Koh Brothers, Heeton Holdings, KSH Holdings and Lian Beng Group. The companies said the soft launch was very well-received.
 
2. Written by News on 12-09-2008 16:00
 
 
Launch early next year
The en-bloc purchasers of Lincoln Lodge said they will be launching the new development on the site - Lincoln Suites - by early next year. 
 
But the developers - Koh Brothers, Heeton Holdings, KSH Holdings and Lian Beng Group, which each have an equal stake in the project - will only release some of the project’s 175 units in the first phase. 
 
And current residents of Lincoln Lodge will probably be allowed to stay in their homes well into next year. 
 
‘We are not going to launch all the units at one go,’ said Francis Koh, chief executive of Koh Brothers. ‘The price will be determined by buyers’ willingness to buy.’ 
 
Prices will be similar to or ‘even lower than’ comparable projects nearby, Mr Koh said. 
 
Units in the newly-built nearby development, Park Infinia at Wee Nam, are going for $1,300-$1,600, property consultants said. 
 
The consortium bought Lincoln Lodge for $243 million, or $1,449 psf per plot ratio, including an estimated development charge of $413,000, in June last year at the height of the en bloc frenzy. 
 
They then decided to hold off tearing down the existing project, and have instead allowed occupants to keep renting apartments for at least six months from the sale completion date in July this year. 
 
Now, the showflat for Lincoln Suites will be built with Lincoln Lodge still standing. 
 
Depending on the market response, the leases of the tenants could be extended past January next year.
 

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