The High Court reversed the decision of the STB which threw out the sale of Regent Garden in January this year and ordered the owners to complete the enbloc sale with Allgreen Properties.
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"Regent Garden owners ordered to complete enbloc sale to Allgreen"
" Allgreen had already asked the High Court for an order to get the majority owners to complete the sale. It argued that the STB had no need to even examine the sale, as all owners had agreed to sell.
The court agreed, ruling that allegations of mistake and breach of contract were without merit and that the STB's decision to halt the sale of the West Coast Road estate was irrelevant. it also ordered the 25 owners to pay Allgreen's costs."
Straits Times 17 April 2008
" Allgreen had already asked the High Court for an order to get the majority owners to complete the sale. It argued that the STB had no need to even examine the sale, as all owners had agreed to sell.
The court agreed, ruling that allegations of mistake and breach of contract were without merit and that the STB's decision to halt the sale of the West Coast Road estate was irrelevant. it also ordered the 25 owners to pay Allgreen's costs."
Straits Times 17 April 2008
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Business Times 17 April 2008
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Today-17 April 2008
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