Kensington Park condo might gun for mega en bloc sale again

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.