Singapore's City Developments said on Monday it will sell two luxury apartment blocks in Singapore for $432.4 million (US$298.6 million) to a joint venture between itself and US-based Wachovia Group.
The joint venture, which is 60 per cent owned by Wachovia, will buy 44 units of Cliveden at Grange, a development off Singapore's Orchard Road shopping belt, at a price equivalent to $3,750 per square foot. -- REUTERS
Source : Business Times - 5 Nov 2007
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