Heeton disposes iLiv@Grange to private investors

SINGAPORE (Oct 2): Boutique developer Heeton Holdings has sold iLiv@Grange, its property development at 74 Grange Road, to a group of Singaporean private investors.

This was done through the sale of a 100% stake in Heeton Residence which is the sole shareholder of Heeton Realty which owns the property.

In its Friday evening filing, Heeton said the sale was made as the residential property market was not recovering due to various factors, “including property cooling measures, supply of new units to the market and the general macro-economic conditions”.

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