Kheng Leong Company (H.K.) Limited’s S$213 million acquisition of “21 Anderson”, a freehold condominium development in Singapore

Acted for Kheng Leong Company (H.K.) Limited in its S$213 million acquisition of a group of companies which owns 21 Anderson, a freehold condominium development in Singapore (the “Property”), from Hong Kong-listed Far East Consortium International Limited. The Property has a gross floor area of 87,000 square feet which translates to an estimated value of S$2,448 per square foot. It is in the vicinity of Anderson and Walshe roads in Singapore and is strategically situated within the Orchard Road shopping belt. Partners Norman Ho and Tan Chon Beng, Senior Associate Calvin Lim, and Associate Ho Ting En led the transaction.