Thomson View residential condominium in northern central Singapore enclave of Bishan.

UOL Group and its unit Singapore Land—both controlled by the family of late banking and real estate billionaire Wee Cho Yaw—have partnered with CapitaLand Development (Singapore) to buy a residential condominium in the northern central precinct of Bishan for S$810 million ($613 million) as housing demand in the city-state picks up.

The acquisition is conditional on the sale being approved by 80% of the owners of the........

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