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No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price

This was the fifth collective sale attempt by the Ulu Pandan condominium development since 2008

Ry-Anne Lim

Ry-Anne Lim

Published Mon, May 6, 2024 · 07:10 PM
    • Residents had tried earlier this year to set the reserve price at S$1.78 billion, but did not garner the required 80 per cent of votes for that price to stand.
    • Residents had tried earlier this year to set the reserve price at S$1.78 billion, but did not garner the required 80 per cent of votes for that price to stand. PHOTO: BT FILE

    THE latest collective sale attempt by owners of Pine Grove condominium closed on Monday (May 6) without any bids, sending its owners into a 10-week private treaty negotiation period with interested parties.  

    There are fewer than 10 interested parties involved, exclusive marketing agent ERA told The Business Times (BT).

    The massive site was put up for sale for the fifth time since 2008 by the agency in February for S$1.95 billion.

    Collective saleERA RealtySingapore residential propertyResidentialSpotlight

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