Kuwait Finance House is pumping another S$818 million into Singapore real estate.
Artist's impression of Goodwood ResidenceThis time, it is buying 97 units in Goodwood Residence – a high-end residential development at Orchard Road.
This is the single largest purchase for a residential development still under construction.
Singapore-listed Guocoland is the developer behind Goodwood Residence.
Artist's impression of Goodwood Residence clubhouseThe 97 apartments are of the four-bedroom type, ranging from 2,500 to 3,900 square feet each.
Altogether, Goodwood Residence will have 210 apartments.
The project was conferred the Green Mark Award (Platinum) award earlier this year because of its green features.
Artist's impression of Goodwood Residence covered walkwayKuwait Finance House is a market leader in the Islamic banking industry in Kuwait.
In August, it paid S$286 million for 56 units in Keppel Land's waterfront development, Reflections at Keppel Bay. - CNA/so
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