The Business Times
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Chuan Park owners headed for mediation over en bloc sale; Senior Counsel appointed

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Corinne Kerk

Published Thu, Sep 29, 2022 · 07:36 PM
    • The 99-year leasehold, 444-unit condo was sold for S$890 million on Jul 5 to buyers related to developers Kingsford Group and MCC Singapore. For now, a group of 10 minority owners objects to the sale.
    • The 99-year leasehold, 444-unit condo was sold for S$890 million on Jul 5 to buyers related to developers Kingsford Group and MCC Singapore. For now, a group of 10 minority owners objects to the sale. PHOTO: BT FILE

    REPRESENTATIVES of Chuan Park owners are set to meet for their first mediation session on Oct 18, to see if they can resolve disagreements over the condominium’s en bloc sale.

    The Business Times (BT) understands that the Collective Sale Committee (CSC) representing the majority owners have appointed Senior Counsel N Sreenivasan of K&L Gates Straits Law to assist them in the mediation.

    The 10 minority owners who object to the sale have yet to decide if they will hire a lawyer for the proceedings.

    Collective saleSingapore propertyERA Realty

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