Mandarin Gardens fails in en bloc attempt despite record reserve price of $2.9 billion
SINGAPORE - Mandarin Gardens, a leasehold condominium in Siglap, has failed in its attempt to sell en bloc, despite a record high asking price of $2.927 billion.
"This being our first attempt at collective sales, we have learnt valuable lessons, which will certainly be very helpful in our next journey," he said. It first raised its asking price to $2.788 billion in November 2018 from $2.479 billion after owners discovered that the land parcel was undervalued.
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