La Ville sold for S$152 million in third bid at collective sale
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THIRD time is the charm for freehold development La Ville which was sold via collective sale on its third attempt to Hong Kong-listed ZACD Group for S$152 million - above its reserve price.
The high-rise development, which is situated along Tanjong Rhu in District 15, was put up for sale in October this year for S$148 million, but finally went for higher following strong competition among bidders, The Business Times understands.
A previous attempt took place in May 2018 when a tender was launched at an asking price of S$152 million, but talks with interested parties during the private treaty period were shelved after the July 2018 cooling measures were rolled out.
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