Far East Consortium close to selling 21 Anderson to Kheng Leong Group

HONGKONG-LISTED Far East Consortium International Limited is close to selling 21 Anderson, a 10-storey completed freehold block of 34 apartments in Singapore's prime district 10.

BT understands the price is about S$213 million and that the buyer is Singapore-based Kheng Leong Group.

Far East Consortium, controlled by the Chiu family, bought 21 Anderson in 2018 for S$196 million from Blackstone, which in turn purchased it from Arch Capital in 2014 for about S$164 million, based on past media reports.