The 134-unit Cascadale may be redeveloped into a condominium project with up to 292 units. It is located near Changi Airport, Changi Business Park, Singapore University of Technology & Design, and Singapore Expo.
Sales of Singapore apartments worth at least $10 million each have hit an 11-year high, fuelled by increased demand from Chinese millionaires seeking safe-haven assets, said property consultancy OrangeTee & Tie.
