Cambridge's 3 properties affected by land acquisition

NOTICE OF COMPULSORY LAND ACQUISITION AFFECTING
3 OF CIT’S 43 PROPERTIES:

• Press Release

Key Points

• CIT has received a formal notice from Singapore Land Authority (“SLA”) on 11 January 2011 with regard to the compulsory acquisition of land on Tuas Road, Pioneer Road, Tuas West Road, Tuas West Drive and Tuas South Avenue 3 for the construction of Tuas West Mass Rapid Transit (“MRT”) extension and road works along the Pan Island Expressway, Tuas Road,  Pioneer Road, Tuas West Road, Tuas West Drive and Tuas South Avenue 3.
• Based on the Company’s initial assessment, three of CIT’s 43 properties will be affected to varying degrees by this land acquisition:
1. 30 Tuas Road (Lot No 1289X pt Mukim 7)
2. 120 Pioneer Road (Lot No 3237M pt Mukim 7); and
3. 1 Tuas Avenue 3 (Lot 1422X Mukim 7)
• All or part of the land where these properties are situated will be possessed by the Government by January 2013.
• The relevant authorities will be arranging for their representatives to discuss the details of the compulsory land acquisition with the Company, including details of compensation. 
• The Company will continue to assess the situation and will issue further announcements when it has more information.