Revitalising Orchard Road
Some building owners pursue collective sale, while others take up URA's incentives for redevelopment
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Several building owners in Orchard Road are trying their luck at collective sales, including those at strata-titled mall Midpoint Orchard which is preparing for a third collective sale bid at around $350 million.
Joining them are the unit owners of Orchard Towers, who approved a reserve price of $1.6 billion for its collective sale at an extraordinary general meeting on Friday.