Home owners of Ampas Apartment sue Oxley Holdings unit in 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

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

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