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Pine Grove tender a litmus test for en bloc appetite

Pine Grove, a former HUDC project at Ulu Pandan Road, is up for collective sale carrying an asking price of $1.86 billion, reported the Business Times.

Despite the cautious mood in the collective sale market following the government’s introduction of additional property cooling measures last July, the asking price for the 660-unit privatized condo was increased from $1.72 billion to $1.86 billion to entice at least 80 percent of the owners to agree to sign up.

– February 26, 2019

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Posted in Enbloc Sale / Collective Sale, Singapore Property News and tagged , , , , .