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Bloc of 16 units at 111 Emerald Hill sold for about S$75m via sale of shares

Sale of stake in condo developer values the prime freehold apartments in the low-S$1,700 psf range

The 24 units that were sold earlier were transacted at between S$2,214 psf (January 2014) and S$3,030 psf (January 2013).


THE remaining 16 unsold units in 111 Emerald Hill, a 40-unit completed condo project, are understood to have changed hands. The transaction was effected through a sale of shares in the company that developed the 12-storey freehold project.

The deal is understood to value...

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