Mandarin Gardens raises en bloc reserve price to record $2.927 billion

The 1,017-unit leasehold condo first raised its asking price to $2.788 billion in November 2018 from $2.479 billion after owners discovered that the land parcel was undervalued. PHOTO: ST FILE
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SINGAPORE - Total madness continues as mega site Mandarin Gardens raised its asking price to a new record of $2.927 billion, just one month before its collective sales agreement is set to expire, in a bid to get the 80 per cent mandate to launch a tender.

If the collective sale goes through, it would be the biggest en-bloc transaction in dollar terms struck here.

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