Guocoland has completed the purchase of Sophia Court condominium through a $230 million collective sale.The site, near the Orchard Road shopping belt, will be developed into Sophia Residence, which will have a gross floor area of 32,413 sq m.
The firm did not specify when the new project would be completed.
The purchase will be financed with internal resources, bank funding and part of the proceeds from Guocoland’s recent rights issue.
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