By Fiona Chan, Property Reporter

DEPARTMENT store chain OG has bought a block of serviced residences that form part of its Orchard Point store in Orchard Road.

The local unlisted retailer paid The Ascott Group $100 million in cash for the 88-unit Somerset Orchard.

Ascott, the serviced apartment arm of property heavyweight CapitaLand, had originally sold OG the four-storey Orchard Point retail podium in 2001.

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