Strata Titles Board issues stop order for Cairnhill Mansions en bloc sale
Penthouse unit owner refuses to withdraw objection to how sales proceeds apportioned; case could be headed to court
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Singapore
A SECOND collective sale attempt in a week has come up against a speed hump: the Strata Titles Board (STB) on Monday issued a stop order on the en bloc sale bid by Cairnhill Mansions, which could send this case to court.
The Business Times has learned that the owner of the penthouse unit, the only owner who filed an objection to the collective sale bid by the 61-unit Cairnhill Road development, has refused to withdraw her objection to the method of apportionment of the sales proceeds - and this, after two rounds of mediation on May 28 and June 18.
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