Orchard Towers' potential en bloc sale may come with S$1.6 billion price tag
If deal goes through, it could be Singapore's most expensive collective sale
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Singapore
THE collective sale committee (CSC) of Orchard Towers has recommended setting the reserve price at S$1.6 billion, and its unit owners will conduct an extraordinary general meeting (EGM) on Feb 18, The Business Times understands.
At the meeting, scheduled for 2pm, the owners will vote on whether to approve the proposed reserve price as well as the method of apportionment of sale proceeds in the potential collective sale, among other things.
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