Kensington Park condo might gun for mega en bloc sale again
Add BT as a preferred source
OWNERS at the 314-unit Kensington Park Condominium in Serangoon Gardens are once again eyeing a collective sale, nearly 4 years after their previous efforts at a billion-dollar price tag, The Business Times (BT) has learnt.
At least 80 per cent of the owners have consented to the potential deal this time round, and the marketing agent is understood to be CBRE. However, there is no indication yet of whether and when a tender will be launched.
A notice dated Apr 4, seen by BT, said that owners of 251 of the 314 units, making up about 80.1 per cent of the total share value and 80.2 per cent of the total area of all lots, have signed the collective sale agreement.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
