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Far East Consortium bags Estoril for S$224m

Group plans to amalgamate the site with that of Hollandia next door which it was awarded last month

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Owners of The Estoril stand to receive a gross payout of about S$4.6 million per apartment unit and S$9.85-9.95 million per penthouse unit.

Singapore

HONG Kong-listed Far East Consortium International (FEC), which has just been awarded the collective sale of The Estoril on Holland Road at S$223.938 million, plans to amalgamate the site with that of the adjacent Hollandia that it clinched last month.

"We're planning to...

sentifi.com

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