Pandan Valley eyes record $2.6b in bid to sell en bloc

Pandan Valley, a 623-unit freehold development on a 865,000 sq ft site, last tried for a collective sale deal in 2011, but it did not succeed. The sale committee will hold an extraordinary general meeting before the year end on the distribution of sa
Pandan Valley, a 623-unit freehold development on a 865,000 sq ft site, last tried for a collective sale deal in 2011, but it did not succeed. The sale committee will hold an extraordinary general meeting before the year end on the distribution of sale proceeds, before owners' signatures are collected.ST PHOTO: ARIFFIN JAMAR

If successful, deal for 623-unit estate would be biggest collective sale in dollar terms here

The sprawling Pandan Valley estate - one of the first condominiums to be built here - is aiming for a collective sale with a record-breaking price tag of $2.6 billion, sources close to the deal told The Straits Times.

If the 623-unit freehold development on the expansive 865,000 sq ft site pulls off the sale, it would be the biggest collective sale transaction in dollar terms struck here. Pandan Valley, which was built in the late 1970s, last tried for a collective sale deal in 2011, but it did not succeed.

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A version of this article appeared in the print edition of The Straits Times on September 11, 2018, with the headline 'Pandan Valley eyes record $2.6b in bid to sell en bloc'. Print Edition | Subscribe