The sale of City Towers in Bukit Timah has finally been completed at its fourth en bloc attempt and after a pair of sibling owners initially attempted to block the deal.
Resale prices of non-landed homes in June increased around 0.2 per cent from the month before; meanwhile, volumes tumbled 25.5 per cent, according to the latest flash estimates by real estate portal SRX Property.
This will make them a cornerstone investor alongside Alibaba, China state-owned Overseas Chinese Town Holding, and an associate company of Hong Kong-based Henderson Land Development.
