Singapore High Court grants sale order to Chuan Park’s S$890 million en bloc deal

THE High Court granted a sale order to Chuan Park’s S$890 million collective sale on Friday (May 26), with the judge concluding that there is no evidence the deal was not arrived at in good faith by its collective sales committee (CSC).

Justice Kwek Mean Luck said the six minority owners who submitted grounds of objection before the High Court had also failed to show evidence for why Chuan Park’s gross floor area (GFA) should be higher than the plot ratio of 2.1. 

Last year, some Chuan Park owners filed objections to the Strata Titles Board (STB), alleging that the condominium’s CSC and marketing agent ERA Realty failed to disclose material facts relating to a higher development baseline for the condominium.