Mandarin Gardens raises en bloc asking price to S$2.79b

Singapore

IF the owners of the Mandarin Gardens condominium have their way, the 99-year leasehold development in East Coast Road could be sold for a new record price of S$2.79 billion.

This is 12.5 per cent more than the original asking price of S$2.48 billion, and higher than the previous mark set by Pandan Valley's S$2.6 billion, according to a report published by TODAY on Sunday.