Should those who oppose an en bloc sale get more money for their flats than those who support it? Disgruntled owners of homes in Regent Garden don’t seem to think so. They are going to the Court of Appeal, after property developer Allgreen offered six owners more money than it had to the others so that the six would no longer hold up the sale. This, after a High Court decision last month that the en...
Regent Garden
At first, only 25 of the 31 owners signed on the dotted line. But when developer Allgreen later managed to get the remaining Regent Garden owners on board, it meant the en bloc sale of the condominium had unanimous consent. That meant the Strata Titles Board should not have heard the objections of the initial group of majority owners and its dismissal in January of the $34-million collective sale was...
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...