Property developer City Developments on Monday requested for a trading halt pending the release of an announcement.
The company did not diclose the details of the announcement.
Last week, City Developments' unit and joint venture partner Hong Realty purchased Amber Park condominium for S$906.7 million, making it Singapore's largest freehold collective sale by dollar value till date.
The deal was the fourth en bloc attempt by City Developments. Its last collective sale tender in June 2015 had closed with no bids.
City Developments, which developed the existing 200-unit Amber Park, said the company along with Hong Realty plans to redevelop the site into a luxury condominium.
City Developments is engaged in the investment of properties and shares, property management, project management and the provision of consultancy services.
Shares in the company were up 0.3 percent at S$11.64 on the Singapore Exchange prior to the halt. The stock has gained 42 percent so far this year.
