The Business Times
business-time-50
SUBSCRIBERS

Chuan Park S$890m en bloc sale remains in limbo for now

google-preferred-sourceAdd BT as a preferred source

Corinne Kerk

Published Mon, Nov 28, 2022 · 05:50 AM
    • Chuan Park was sold for S$890 million on Jul 5 to buyers related to developers Kingsford Group and MCC Singapore.
    • Chuan Park was sold for S$890 million on Jul 5 to buyers related to developers Kingsford Group and MCC Singapore. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    THE Strata Titles Board (STB) has conducted three mediation sessions over the collective sale of Chuan Park condominium, with the matter remaining unresolved.

    The development’s sale had gone to the STB as 10 minority owners had objected to it.

    According to a letter sent on Saturday (Nov 26) to update the development’s owners on the sale progress and seen by The Business Times, three dissenting owners have since withdrawn their objections.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    ResidentialSingapore residential propertyCollective saleERA RealtyResidential property

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    The fourth Amity Circle retreat was hosted by Temasek Foundation from Apr 8 to 10 in Hanoi.

    Middle East-linked energy supply shocks put Asean Power Grid back in focus

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    DPM Gan Kim Yong said the question is not whether shocks will occur in future, but whether Singapore's systems are able to absorb them, and continue to function.

    DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More