Mandarin Gardens site likely to attract joint ventures, foreign players: Experts

The 1,006-unit Mandarin Gardens could yield between 3,000 and 4,200 units when redeveloped, said experts. The reserve price for the collective sale is $2.45 billion.
The 1,006-unit Mandarin Gardens could yield between 3,000 and 4,200 units when redeveloped, said experts. The reserve price for the collective sale is $2.45 billion.ST PHOTO: SYAMIL SAPARI

With an eye-popping reserve price of $2.45 billion and sprawling over one million sq ft, Mandarin Gardens could be a tough sell.

But if the nation's largest residential en bloc deal ever materialised, it will likely involve several developers joining hands - including perhaps a foreign developer.

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A version of this article appeared in the print edition of The Straits Times on March 16, 2018, with the headline 'Mandarin Gardens site likely to attract joint ventures, foreign players: Experts'. Print Edition | Subscribe