Mandarin Gardens has failed in its en bloc attempt, about a month after raising its asking price to a record S$2.9 billion. The leasehold condominium managed to gather around 68 per cent of signatures as of Mar 24 when its collective sales agreement expired - about 12 per cent shy of the 80 per cent mandate required to launch a tender. In a message to owners on Sunday (Mar 24), the site's...
Despite the cooling en bloc market, owners of Mandarin Gardens condominium have raised their asking price for the 99-year leasehold development in East Coast to S$2.79 billion — up from its original price of S$2.48 billion. This will see it leapfrogging the previous high set by Pandan Valley’s S$2.6 billion asking price. Mr Leonard Jayamohan, the spokesperson for Mandarin Gardens’ Collective...
One condominium in the east has officially thrown in the towel for an enbloc sale - at least for now. The 1080-unit Mandarin Gardens saw the disbanding of its two-year-old collective sales committee last week. In a letter to residents, the main reasons cited were unfavourable market conditions and the moving in of new residents, whose views the committee felt should be heard. The sales committee had...
PLEASE refer to Monday's article, 'En-bloc uproar at Bayshore Park, Mandarin Gardens' by Ms Jessica Cheam, and the letter by Mr Augustine Cheah, 'En-bloc system needs relook, as Bayshore shows'. The Mandarin Gardens collective sale committee would like to clarify that it was not involved in the proceedings of the annual general meeting on April 27. However, we know of members who attended as legal owners...
Enbloc sales woes and unhappiness at Mandarin Gardens have left the condominium without a management committee for the past week. The previous committee refused to be re-nominated for elections at its Annual General Meeting last Sunday. Since then, no one is taking charge of the day-to-day management at the condominium on Siglap Road. Channel NewsAsia understands that the entire management committee...
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