Horizon Towers gives collective sale another shot; Tanah Merah Mansion launches collective sale

Singapore

OWNERS at Horizon Towers seem to have made nailing an en bloc deal a new year's resolution, as they relaunched their collective sale tender on Wednesday at the same S$1.1 billion reserve price as before.

The 211-unit Leonie Hill development's first tender closed in September without a single bid. That tender was first launched in July. Its closing date was then extended by over a month because of cooling measures to the private housing market that came into effect just days after the tender period began.