East Coast development goes on collective sale by auction - the first since 1997

Singapore

A SMALL freehold apartment block off East Coast Road will soon be put up for collective sale at a public auction - which is a rarity in Singapore, as most en bloc sales take place via tender.

This is believed to be only the second time a collective sale will be held through a public auction; the first was more than two decades ago, in January 1997, when Far East Organization outbid DBS Land for Scotts Tower.