Dynamic Investments, which owned the largest unit of Holland Hills Mansion, had tried to appeal against the Strata Titles Boards’ (STB) approval of the S$292 million sale, but its case was dismissed by the Court of Appeal on Tuesday. Dynamic Investments had argued that although the sales committee followed the guidelines set down by the Singapore Institute of Surveyors and Valuers, it did not assess if...
Enbloc
STB stops Allgreen’s purchase of condo for lack of ‘good faith’ AN APPLICATION for the en bloc sale of Regent Garden has been dismissed by the Strata Titles Board (STB) - much to the delight of the majority owners. A group of 25 owners at the 31-unit condominium had earlier sued the buyers, Allgreen Properties, for allegedly breaching the sale and purchase agreement by grossly undervaluing the...
SINGAPORE has seen several ugly en bloc tussles but this is a first. The majority owners, having agreed to sell their condominium, are now suing the buyers. A group of 25 at the 31-unit Regent Garden is alleging that developer Allgreen Properties has breached the sale and purchase agreement by grossly undervaluing the condominium. The owners filed a claim last Monday with the High Court to declare that...
GuocoLand said its plans to redevelop the Leedon Heights site are progressing on track. It has named award-winning SCDA Architects as architectural consultant, while Intaran Design has been engaged as landscape specialist. GuocoLand, which is scheduled to take over vacant units by June, completed the en bloc purchase of the site last month. The developer is considering allowing former owners to continue...
Condo’s residents want to stop repeated en bloc efforts, will seek Prof Jaya’s help YET another attempt to put Bayshore Park on the en bloc market has been nipped by poor attendance, and residents who are not interested in selling are fed up with the repeated efforts. They now want to consult Law Minister Prof S Jayakumar - who is also their Member of Parliament (MP) - during a Meet-The-People...
Property developer GuocoLand is considering allowing former owners of Leedon Heights condominium in District 10 to continue staying on in their units for a limited period of time. This is a goodwill gesture at the request of some residents of the development who want more time to find replacement units. The 23-year-old Leedon Heights, off Farrer Road, was sold to GuocoLand in a collective sale last year...
Horizon Towers saga revived as opposing owners appeal against sale order JUST when some prayed it was all over, the owners of Horizon Towers could be in for more sleepless nights - exactly a month after the Strata Titles Board granted the sale order for the contentious $500-million deal. That decision would have brought a closure to the long-running saga, but for unhappiness among minority owners with...
En bloc is about losing homes, Strata Titles Board need to reflect that Dharmendra Yadav EN BLOC sales were the buzzwords of 2007 and if the economic indicators are right, the story will continue to dominate the headlines this year. The en bloc craze of the past year has meant a lot more work for the Strata Titles Boards (STB). Since 1999, the board has shouldered the additional role of approving...
Minority owners say NUS should not follow majority in en bloc sale IT HAS remained silent — and passive — in the protracted saga over the proposed sale of Gillman Heights (picture) to developer CapitaLand for $528 million. But now, the National University of Singapore (NUS) finds fingers pointing at it after the Strata Titles Board (STB) approved the deal on Friday. The biggest faction opposed to...
DEPENDING on which side you are on, it is a case of try and try again, or deja vu, as some residents will testify. Condominium en bloc sales have cooled, due in part to the new Land Titles (Strata) Act that came into force in October, but at least two large developments are getting back into the game. Bayshore Park, on Singapore’s East Coast, is in the process of forming a new sales committee after it...