Cove Development says that 49 former tenants of Ideal Accommodation have decided to stay on at The Grangeford after the June 30 deadline.
They are being offered rental rates of between S$2,600 and S$3,500 for a whole apartment.
Until the deadline, residents can continue to stay at The Grangeford rent-free, while they seek other accommodation.
Cove recently took control of The Grangeford, after terminating the contract of Ideal Accommodation, which had illegally installed partitions in the condominium complex.
Cove is a subsidiary of building owner Overseas Union Enterprise.
Source : Channel NewsAsia – 12 Jun 2009