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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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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.

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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.

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...

sentifi.com

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