MAINBOARD-listed property investment company Chuan Hup announced that its associated company has received approval from the Australian authorities to develop a 32-level residential tower in a prime area in Perth.
The company, in a regulatory filing on Thursday, said that its associated company, 240 Adelaide Terrace Pty Ltd, has been given the green light by Perth's development assessment panel to proceed with the project in Adelaide Terrace, near the city's central business district.The development, located at 240 Adelaide Terrace, will comprise a mix of 119 studio, one-, two- and three-bedroom apartments on the 1,679 square metre site.
It will have a full range of resort-style facilities, including a lap pool, gym, sauna, steam room and multimedia cinematic hub, as well as a private dining room and residents’ lounge.
Source: News Formal (newsformal.com)
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