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Trust mulls sale of three prime-area apartment blocks

In districts 9 and 10, they are 120 Grange Road, Cuscaden Mansions and 8 Hullet Road

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From left: 120 Grange Road, Cuscaden Mansions and 8 Hullet Road could collectively be worth an estimated "couple of hundred million Singapore dollars". The owner of this portfolio is said to be a trust operated out of the United Kingdom; the assets are being managed by a London-based wealth-management company that makes investments for rich individuals, families and charitable endowments. The apartments are said to be held through foreign-incorporated companies.

Singapore

A BUNDLE of three smallish freehold apartment developments in prime districts 9 and 10 may be put on the market soon, The Business Times understands.

Estimated to be worth "a couple of hundred million Singapore dollars", the portfolio comprises 120 Grange Road, Cuscaden