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Minbu Villa takes second stab at en bloc sale at S$145.8m, but price may go lower : Already, 60% of the owners by share value and strata area have agreed to lower the reserve price to S$129m

Nov 21, 2018 - The Business Times Singapore

FACED with the cooling en bloc market, Minbu Villa, a freehold residential development in Novena, is going up for tender at S$145.8 million again, but this reserve price could be lowered if 80 per cent of the owners agree.

Its earlier collective sale bid was launched in March and closed on April 17 without a winning bid.

This time, more than 60 per cent of the owners by share value and strata area have signed a supplemental agreement to lower the reserve price to S$129.1 million, tra...