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Tiong Seng-Ocean Sky JV acquires Cairnhill Heights for $72.6 mil in en bloc sale

Property

Tiong Seng-Ocean Sky JV acquires Cairnhill Heights for $72.6 mil in en bloc sale

Samantha Chiew Published on Mon, Apr 02, 2018 / 7:24 AM GMT+8

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SINGAPORE (Apr 2): TSky Development is acquiring Cairnhill Heights in a collective sale for $72.6 million.

TSky Development is a 40:60 joint venture between Ocean Sky International and Tiong Seng.

Cairnhill Heights is a 19-unit residential development located at Cairnhill Rise in prime district 9, with a site area of about 1431.4 sqm. The site may be redeveloped into a residential development with about 42 units based on an average size of 95 sqm.

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