Kensington Park condo might gun for mega en bloc sale again
OWNERS at the 314-unit Kensington Park Condominium in Serangoon Gardens are once again eyeing a collective sale, nearly 4 years after their previous efforts at a billion-dollar price tag, The Business Times (BT) has learnt.
At least 80 per cent of the owners have consented to the potential deal this time round, and the marketing agent is understood to be CBRE. However, there is no indication yet of whether and when a tender will be launched.
A notice dated Apr 4, seen by BT, said that owners of 251 of the 314 units, making up about 80.1 per cent of the total share value and 80.2 per cent of the total area of all lots, have signed the collective sale agreement.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
China Vanke posts another quarterly loss on sales drought
Miami office tower goes up for sale for more than US$500 million
WeWork cuts new restructuring deal that spurns Adam Neumann
Abu Dhabi builder plans US$6.8 billion luxury housing project
JTC to sell hospitality project being built in Punggol Digital District