SINGAPORE (May 23): The tender for a prime freehold site along Cuscaden Road has been won by Shun Tak Real Estate (Singapore) for a sum of $145 million.

Shun Tak Real Estate (Singapore) is a wholly-owned subsidiary of Shun Tak Holdings, a leading listed conglomerate in the Hong Kong Stock Exchange.

“We had received strong interest from both local and foreign hotel owners and residential developers,” says Karamjit Singh, International Director at JLL, the investment management firm which brokered the sale.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook