40 home owners of Ampas Apartment sue Oxley subsidiary over collective sale dispute

An exterior view of the Ampas Apartment building situated at 5 Jalan Ampas, on Jan 18, 2019.
An exterior view of the Ampas Apartment building situated at 5 Jalan Ampas, on Jan 18, 2019.ST PHOTO: SAHIBA CHAWHARY

SINGAPORE - Forty home owners of 43-unit freehold Ampas Apartment, which was sold last year in a $95 million collective sale, have sued the buyer for wanting to pull out of the deal.

Buyer Oxley Jasper, a subsidiary of public-listed Oxley Holdings, said it was entitled to call off the deal after its proposal for a new residential development was rejected by planning authorities.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.