Braddell View, the largest of Singapore's 18 former HUDC estates, is planning to jump on the collective sale bandwagon, just months after it was privatised. The 918-unit development is holding a meeting on Oct 10 to form a collective sale committee to kickstart the process.
Singapore shares rebounded sharply, led by banks and property counters, after Wall Street chalked up new record highs on Friday. The Straits Times Index (STI) rallied 1.01 per cent or 32.29 points to 3,241.85, buoyed by the local banks, Singtel, City Developments and CapitaLand. DBS Group Holdings jumped 2.1 per cent or 43 cents to $20.49; OCBC gained 1.5 per cent or 16 cents to $11.11; United Overseas Bank put on 1.3 per cent or 29 cents to $23.34.
Braddell View, the largest of Singapore's 18 HUDC estates and the last to be privatised in March this year, is planning to jump on the en bloc bandwagon. The 918-unit estate is holding an extraordinary general meeting on Oct 10 to form a collective sales committee to kickstart the process. Sources told The Straits Times that the enbloc owners hope to sell the sprawling 106,120 sq m development for $1.8 billion. If successful, this would eclipse Pine Grove's $1.65 billion enbloc attempt.
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Selecting a term
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