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TwentyOne Angullia Park owner in talks with bidders

CS Land, formerly China Sonangol, is probably selling the property to avoid QC charges of up to S$31m next year

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The 54-unit TwentyOne Angullia Park received its TOP in Q2 2014. If the number of unsold units remains in Q2 2017, CS Land would have to pay S$31.6 million in extension charges, double the amount it should have incurred in Q2 2016.

Singapore

CS Land, formerly known as China Sonangol, is in talks with several parties for the sale of 38 unsold units in its flagship project TwentyOne Angullia Park along Orchard Road.

One of these parties is understood to be a consortium led by Ben Yeo, former managing director

sentifi.com

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