SINGAPORE: Pine Grove condominium will be relaunched for collective sale at S$1.95bil (US$1.45bil) after its collective sale committee (CSC) failed to get the 80% mandate to lower the reserve price to S$1.78bil. The tender closed yesterday.
Efforts were under way to get the mandate for the lower reserve price until the close of tender, marketing agent ERA Realty Network’s managing director of investment sales, Tay Liam Hiap, told The Straits Times.
