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Low Keng Huat unit buys remaining 36 units in Balestier Tower

Published on Jul 9, 2014 8:59 PM
 
A unit of construction group Low Keng Huat will buy 36 units in the Balestier Tower for $63.9 million, said the company on July 8, 2014. -- PHOTO: REALTORHUB REAL ESTATE

SINGAPORE - A unit of construction group Low Keng Huat will buy 36 units in the Balestier Tower for $63.9 million, said the company on July 8.

The unit, called Newfort Alliance (Moulmein), had previously bought 15 commercial units and an apartment at Balestier Towers for $77.3 million in August last year.

It exercised options to buy the remaining 36 units in the mixed-use development on Tuesday.

Once the purchase is complete, Newfort will be the registered owner of all the units in the property, said the company in a statement.

 
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