SUBSCRIBERS

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

Fiona Lam

Published Fri, Feb 4, 2022 · 05:50 AM

Singapore property

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.

At least 80 per cent of the owners will have to consent before …