Dairy Farm en bloc bid fails, Laguna Park relaunched for sale
Only 71.35% of owners support Dairy Farm's bid; Laguna Park reserve price is S$1.48b
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Nisha Ramchandani
Singapore
IT'S a tale of two large collective sale sites - while the Dairy Farm estate failed to hit the 80 per cent threshold needed, Laguna Park was re-launched for sale.
The collective sale agreement for Dairy Farm estate expired on April 6 with 71.35 per cent of owners signing, falling short of the signatures required to get the mandate to launch an en bloc tender. This was after the reserve price was raised from S$1.688 billion to S$1.84 billion as a sweetener.
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