Ascott To Sell Apt Block For $43.9m

Source : The Business Times, October 16, 2007

THE Ascott Group has agreed to sell an apartment block at 6 Sarkies Road, now operated for its corporate leasing business, to an unrelated party for $43.9 million cash.

Allgreen bags Sichuan site ALLGREEN Properties has won a tender for a 5.7-hectare site in China's Sichuan Province suitable for mixed residential and commercial use.

Allgreen bid 1.04 billion yuan (S$203 million) in a joint venture with two interested parties.

Its share of the maximum total investment of 2.1 billion yuan is about 525 million yuan.