SINGAPORE (Sept 27): Singaporeans who bought apartments in the Millennium Tower San Francisco back in 2009 may find the value of their investment sinking fast.

The 58-storey 419-apartment luxury condominium has reportedly sunk 16 inches into the ground, and is now tilting six inches to one side, according to the lawsuit filed by homeowners in a San Francisco court last month, giving rise to the property’s new nickname, “the leaning tower of San Francisco”.

According to US media reports, the suit alleged that the tilting was the result of a defective foundation. While homeowners continued to live in it, they said the tilting had affected the value of their property, particularly as the tilt at the top of the building was nearly 15 inches and could be worsened by earthquakes.

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