Property developers CapitaLand and Hotel Properties Limited (HPL) have secured financing facilities worth nearly S$2 billion for their collective purchase of Farrer Court estate in prime district 10. CapitaLand and HPL, along with their partners, had bought Farrer Court for S$1.34 billion last June. The financing facilities will be used to refinance the acquisition costs of the purchase, as well as to...
Hotel Properties Limited
THE property agent of a condominium locked in an en bloc tussle had colluded with the potential buyer, and did not seriously negotiate for a higher price because of a “commission agreement”. So asserted a minority owner of embattled Horizon Towers, and in so doing, Ms Jasmine Tan - who represented herself in the High Court yesterday - applied for the minutes of meetings and correspondences between the...