Pine Grove owners expect at least S$1.65b in 3rd en bloc sale bid

Singapore

PINE Grove could well emerge as Singapore's largest en bloc deal, going by its indicative reserve price of S$1.65 billion - a level that would trump the record of S$1.34 billion set in 2007 by Farrer Court, another former HUDC estate.

The owners of Pine Grove, a 660-unit estate off Ulu Pandan Road, have appointed Huttons Asia as their marketing agent, and are now hiring lawyers to work on the collective-sale agreement.

An extraordinary general meeting is to take place on Oct 29 to approve the agreement, which will require the consent of at lea…