SUBSCRIBERS

Spring Grove gets owners' OK to go en bloc

Requisite 80% consensus reached after offer price raised to $2,600 psf

Published Wed, Apr 2, 2014 · 10:00 PM
Share this article.

SPRING Grove in the prime Grange Road area has arrived at the requisite 80 per cent consensus from owners to put the condominium up for en bloc sale.

According to a notice emailed to residents obtained by The Business Times, owners of 264 out of 325 units have signed the collective sale agreement as at March 23, 2014 - representing 81 per cent of the condo's total share value and strata area.

A five-day cooling-off period, imposed after the approval was obtained, has since ended.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here