What killed Man­darin Gar­dens’ $2.9b en bloc deal?

Singapore Business Review - - NEWS FROM SBR.COM.SG -

De­spite an ask­ing price of $2.9b, cur­rently the high­est land value in Sin­ga­pore’s en bloc sale his­tory, Man­darin Gar­dens’ en bloc sale was axed as its col­lec­tive sale agree­ment (CSA) ex­pired be­fore meet­ing the 80% owner con­sen­sus re­quire­ment. Only 68.34% of sub­sidiary pro­pri­etors (SP) signed the CSA. What was to blame for the fail­ure of what could have been the largest en bloc deal in Sin­ga­pore’s his­tory?

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