Home owners of Ampas Apartment sue Oxley Holdings unit in collective sale dispute

They argue it isn't entitled to rescind deal for Ampas Apartment, claim error by both sides

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

Forty home owners of the 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.

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 the planning authorities.

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A version of this article appeared in the print edition of The Straits Times on January 19, 2019, with the headline 'Owners sue Oxley unit in collective sale dispute'. Print Edition | Subscribe