Cairnhill Court

"Li Ka Shing Unit set to bag Cairnhill Court for $315m -

Deal will set record price for collective sale"

The Business Times: Wednesday 9 February, 2000

Phang & Co acted for the en bloc buyer.

[SINGAPORE] A company controlled by a Hongkong tycoon is close to bagging the freehold Cairnhill Court for $315 million - making it the biggest collective sale to date, property sources told BT. The company is also negotiating to buy a 30,530 sq ft freehold bungalow plot next door estimated to be worth "above $50 million", although the deal has yet to be inked.

The $315 million price tag will be a new record price for a collective sale.