Strata Titles Board stops S$810 million en bloc sale of Thomson View
The order is issued after efforts to mediate and resolve objections raised to the sale were unsuccessful
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[SINGAPORE] The S$810 million collective sale for Thomson View Condominium has been met with a stop order, The Business Times has learnt.
The order from the Strata Titles Board (STB) was issued on Mar 19, a spokesperson for the STB told BT. The directive, which puts a stop to the condo’s en bloc sale process, was issued after efforts to mediate and resolve objections raised to the sale were unsuccessful.
The collective sale committee (CSC) has applied to the High Court to seek approval for the sale. A hearing is expected to take place on May 22 to determine whether the sale can go ahead.
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