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BT EXCLUSIVE

Strata Titles Board issues stop order for Cairnhill Mansions en bloc sale

Penthouse unit owner refuses to withdraw objection to how sales proceeds apportioned; case could be headed to court

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Cairnhill Mansions was sold to construction and property development company Low Keng Huat for S$362 million in February via private treaty. This was its fifth attempt at an en bloc sale.

Singapore

A SECOND collective sale attempt in a week has come up against a speed hump: the Strata Titles Board (STB) on Monday issued a stop order on the en bloc sale bid by Cairnhill Mansions, which could send this case to court.

The Business Times has learned that the owner of...

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