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Old 25-03-2019, 03:50 PM
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Thumbs up Mandarin Garden En Bloc failed! $2.9B profit unfulfilled!

An honorable member of the Coffee Shop Has Just Posted the Following:

SINGAPORE: Mandarin Gardens has failed in its en bloc attempt, about a month after raising its asking price to a record S$2.9 billion.


The leasehold condominium managed to gather around 68 per cent of signatures as of Mar 24 when its collective sales agreement expired - about 12 per cent shy of the 80 per cent mandate required to launch a tender.

In a message to owners on Sunday (Mar 24), the site's collective sale committee (CSC) said: "This being our first attempt at collective...

Mandarin Garden En Bloc failed! $2.9B profit unfulfilled!


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