You are here

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

Private residential estate Laguna Park, which comprises seven blocks of 516 residential units and 12 commercial units, offers dual frontage onto Marine Parade Road and Siglap Link.

Dairy Farm fell short of the signatures required to get a mandate to launch an en bloc tender, despite the reserve price being raised from S$1.688 billion to S$1.84 billion.


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...

Market voices on: