Ideal Accommodation to pay S$7.4m in damages to Cove Development

The owner of Grangeford Apartments will receive about S$7.4 million in damages over its apartments which were illegally rented out.

Cove Development will receive the amount, which includes interest, from Ideal Accommodation.

Both sides agreed on this at a court hearing on Wednesday.

Last year, Ideal was been charged with violating the Planning Act.

It illegally rented 171 units of the apartments located in Leonie Hill.

Ideal Accommodation will also have to pay about S$1.6 million in rent, which was doubled from the original amount, with interest.

Source : Channel NewsAsia – 21 Apr 2010

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