Golden Mile Complex

2022 - 4 - 28

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Image courtesy of "EdgeProp.sg"

Strata owners of Golden Mile Complex give nod to $700 mil bid by ... (EdgeProp.sg)

Singapore's first collective sale and conservation deal gets consent from 80% of the owners of Golden Mile Complex.

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Image courtesy of "CNA"

Golden Mile Complex gets more than 80% of owners' consent for en ... (CNA)

SINGAPORE: The iconic Golden Mile Complex is a step closer to being sold en bloc, with its collective sale committee receiving more than 80 per cent of ...

The developer may also renew the lease to a fresh 99-year lease, subject to certain approvals, among other incentives. The letter did not name the buyer, but previous media reports stated that a consortium comprising Far East Organization and Perennial Holdings made a S$700m offer. The letter, dated Apr 23, was also confirmed by a unit owner.

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Image courtesy of "The Business Times"

Golden Mile Complex gets 80% mandate for collective sale at lower ... (The Business Times)

MORE than 80 per cent of Golden Mile Complex owners have agreed to a collective sale at S$700 million, which is lower than its original S$800 million ...

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Image courtesy of "The Straits Times"

Golden Mile Complex gets 80 per cent mandate for collective sale at ... (The Straits Times)

The 16-storey building has a gross floor area (GFA) of 56,000 square metres (sq m), with a maximum GFA of around 81,000 sq m. PHOTO: ST FILE.

Golden Mile Complex's first collective sale attempt, at a reserve price of $800 million, ended in 2019 with no bids. In a letter to owners last Saturday (April 23), the development's marketing agent, Edmund Tie & Company, said it had received "overwhelming support" for the collective sale, with more than 80 per cent of owners giving their consent in both strata area and share value within "a record time of 15 days". SINGAPORE - More than 80 per cent of Golden Mile Complex owners have agreed to a collective sale of the iconic Beach Road building at $700 million.

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