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Queensway Shopping Centre’s en-bloc bid falls through

A bid to put the iconic Queensway Shopping Centre on the market has fallen through after a lukewarm response from owners — much to the relief of some shopkeepers.

The proposed en-bloc sale is off the table. The adjoining Queensway Tower, a residential block, was also part of the proposal.

The collective sales committee had failed to achieve the 80% consent from owners that is required under Singapore law to mount an en-bloc sale.

– 26 November, 2019

Read more at https://www.todayonline.com/singapore/queensway-shopping-centre-en-bloc-sale-falls-through-after-lukewarm-response

Posted in Singapore Property News and tagged , , .