A consortium led by Singapore's Oxley Holdings has acquired Serangoon Ville property for S$499 million in a collective sale.
Serangoon Ville is a former HUDC estate which has been privatised, the company said in a statement on Wednesday.
The consortium will fund the acquisition through internal resources and bank borrowings.
Oxley takes up a 40 percent stake in the consortium while the balance is equally split among Lian Beng Group, Unique Invesco Pte Ltd and Apricot Capital.
