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Tiong Seng-Ocean Sky JV bags Cairnhill Heights in S$72.6m en bloc deal
Owners of Chancery Court also launch public tender with S$390m asking price
Add BT as a preferred sourcePublished Mon, Apr 2, 2018 · 09:50 PM
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Singapore
A JOINT venture between Singapore-listed construction and engineering firm Tiong Seng Holdings and civil engineering company Ocean Sky International has agreed to acquire Cairnhill Heights condominium for S$72.6 million, less than the sellers' initial asking price of more than S$80 million.
Tiong Seng holds a 60 per cent stake in the joint-venture company TSky Development while Ocean Sky holds the remaining 40 per cent.
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