You are here

Recent collective sales face challenges galore

Owners under pressure to lower initial reserve prices as revised guidelines come into play

The 24-unit Gilstead Mansion in the Novena area has relaunched its tender at S$65 million, or S$3 million below the guide price they initially announced in June.


GILSTEAD Mansion is an example of the challenges faced by collective sales sites in recent times, as owners face the double whammy of cooling measures and revised guidelines on the maximum number of allowable units outside the central area which will set in in months.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to