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En-bloc sale offers for Lakepoint Condo below reserve price

Published Thu, Dec 23, 2021 · 05:50 AM
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Singapore

OFFERS for en-bloc hopeful Lakepoint Condominium fell short of its reserve price as developers start to move more cautiously in light of new cooling measures.

It has closed its tender and is now in a "private treaty negotiation process", PropNex Realty said in a statement on Wednesday (Dec 22) night. The 99-year leasehold was launched for collective sale with a reserve price of S$640 million on Oct 21 this year.

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