Shao Chung agreed to acquire 18 units of a freehold luxury apartment development, Eden from Swire Properties Limited (SEHK:1972) for SGD 260 million on March 25, 2021. As per the transaction,Tsai Eng-Meng, is purchasing one apartment and Shao Chung is picking up 18 units in one deal, as well as the remaining unit in a separate transaction. The combined deal value of 20 units is approximately SGD 290 million amounting to SGD 4827 psf. All 20 apartments in the project are four-bedroom units of about 3,035 sq ft each. The transaction is subject to terms of the sale and purchase agreements. The transaction is expected to close by May 26, 2021.