Forett At Bukit Timah new launch has been bought through an en bloc sale by the Chinese developer Qingjian Group. The buying price of $610 million was $60 more than the $550 million reserve price from the owners.
Both 30-storey apartment blocks will house over 500 units.
Property developer Tiong Seng Holdings was given a contract worth 227.5m MTG Apartments and MTG Retail to create a residential flat in Tan Quee Lan road.
The project will soon see the building of 2 30-storey residential apartment blocks with over 500 units. The first storey of this building is believed to be for industrial use, and can also house the house’s various communal facilities like a landscape deck, swimming pool, a clubhouse and a carpark area.
The development may also have an open public plaza, a retail area and an underground pedestrian community.