Horizon Towers relaunched at $1.1b in 3rd collective sale bid

Horizon Towers (left), which has 56 years left on its lease, and Sultan Plaza, a 45-year-old commercial building. PHOTOS: LIANHE ZAOBAO, TEAKHWA REAL ESTATE
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SINGAPORE - The heat is on for some ageing luxury leasehold condos in the Orchard Road area that are trying their luck at a collective sale.

Horizon Towers in Leonie Hill relaunched a collective sale tender for a third time at the same $1.1 billion reserve price as before, even as prime District 10 condo Orchard Bel Air's $587.5 million tender closed on Tuesday with no bids.

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