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Singaporean JV wraps up S$118.9M en bloc purchase of Peak Court condo

TRSC Novena, a 70/30 joint venture between Tuan Sing Holdings Ltd. and Rich Capital Holdings Ltd., completed its S$118.9 million en bloc purchase of the Peak Court freehold condominium estate along Singapore's Thomson Road.

The four-story property that includes 20 maisonettes changed hands Aug. 10. The residential asset, according to an earlier report, has the capacity to be redeveloped into 106 up-to-three-room apartments overlooking a double-story landed enclave.

As of Aug. 10, US$1 was equivalent to S$1.37.