SUBSCRIBERS

Li Ka-shing unit is buyer of City Towers

Japura Development, linked to HK tycoon's Cheung Kong empire, beat six other contenders in the race to bag the Bukit Timah Road residential development

Published Thu, Feb 22, 2018 · 09:50 PM

Collective sale

Singapore

JAPURA Development, linked to Hong Kong tycoon Li Ka-shing's Cheung Kong empire, is the party that clinched City Towers in Bukit Timah Road through a collective sale this month, The Business Times understands.

The award of the freehold collective sale site was announced by its marketing agent Colliers International late on Feb 7, hours after the tender for the en bloc sale had closed, but the buyer's identity was not disclosed.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes