Risks for collective sales post the property cooling measures...
Contribution from one of the SPs.... (Source - EdgePro Singapore) Higher risks for collective sales post the property cooling measures with some developments facing High Court proceedings while others could see developers backing out. Developments awaiting High Court proceedings, largely due to objections on grounds of the sales committee not having acted in good faith, include Brookvale Park in Sunset Way, The Wilshire, City Towers in Bukit Timah and Katong Park Towers in Mountbatten. This is on top of earlier reported cases such as Goodluck Garden on Toh Tuck Road and Cairnhill Mansions. Other developments have extended their sales periods including Horizon Towers, Katong Plaza, Dalvey Court and Lakeside Apartments, while yet others have relaunched at a lower reserve price, such as Windy Heights, Sutton Place and Pinetree Condominium. Several deals remain in limbo, for example, on the Hollandia en bloc sale, the buyers, an 80/20 JV between Far East Consortium and Koh Broth...