Grange Heights goes up for collective sale

Grange Heights had previously sought to be sold en bloc in 2007, but a last-minute pulloutsaw the approving majority drop below the requisite 80 per cent.
Grange Heights had previously sought to be sold en bloc in 2007, but a last-minute pullout saw the approving majority drop below the requisite 80 per cent. ST PHOTO: TIMOTHY DAVID
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Grange Heights, a freehold condominium near Orchard Road, is going for a collective sale which could see it join the "billion-dollar club".

Horizon Towers, a 99-year leasehold development in the same area, has set a reserve price of $1.1 billion for its collective sale with a deadline set for next month. Marketing agent Colliers International is preparing the details for the Grange Heights sale, which veteran property analyst Ku Swee Yong said will not be without challenges because of recent cooling measures.

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A version of this article appeared in the print edition of The Straits Times on August 30, 2018, with the headline Grange Heights goes up for collective sale. Subscribe