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Hiap Hoe seeks sole buyer for Balmoral condo units

It has till Nov to sell them before it falls subject to big fees to extend sale period

Published Wed, Jul 9, 2014 · 10:00 PM

ANOTHER developer is putting up unsold condo units for bulk sale, apparently to avoid having to pay hefty fees to extend the sales period.

Singapore-listed Hiap Hoe Group wants to sell all 48 units in its District 10 project, Treasure on Balmoral, at a guided price of $1,850 per square foot (psf) or $191.4 million.

This follows attempts by other developers to offload their unsold units in bulk sales - as did Great Newton Properties for its Newton Imperial condominium project and Heeton for iLiv@Grange.

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