Laguna Park in East Coast is trying its luck at the collective sale lottery for a third time with a reserve price of $1.48 billion, joining a number of mega sites that remain undeterred by the latest round of property cooling measures.
With 58 years left on its 99-year lease, owners of the 528-unit former HUDC estate reached the 80 per cent mandate about two months ahead of a Sept 30 deadline, and are launching its tender sale on Sept 18, collective sale committee chairman Tony Sum said.
TO READ THE FULL ARTICLE
Thank you for reading The Straits Times
You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.
What is Premium?