They hope 20 per cent of units will be sold to single buyer so there would be fewer parties to deal with
 |
 |
Property owners at the Golden Village Mile Complex have roped in property agents, who have been instructed to set a reserve price pf $1,300 psf for apartments and offices, and S$1,500 psf for shops. — ST PHOTO: SAMUEL HE
|
PROPERTY owners at the Golden Mile Complex who have failed twice to sell the property collectively are trying again – using a novel but risky backdoor approach.
A group of them have chosen, for now, to avoid obtaining the usual approval from owners of 80 per cent of the 705-unit mixed development in Beach Road required in collective sales.
Instead, they hope to persuade a number of owners there, as well as those at the Golden Mile Tower next door, to appoint a property agent to sell their individual offices, apartments or shops.
The group is dangling exceptionally high reserve prices to tempt owners into selling. The property agents it has roped in are promising to scout for offers of no less than $1,300 per sq feet (psf) for apartments and offices, which is double what they are fetching now. Continue reading
Lush Dream Home 