Laguna park to try for Second Enbloc Attempt

Laguna Park residents to push for en bloc sale again

Residents at Laguna Park condominium in Marine Parade are giving the en bloc sale process a second try.

A new 10-member sales committee comprising eight new members has been set up.

At an extraordinary general meeting held on Sunday, some residents voiced confidence that a sale can be completed in three to six months, while others reportedly raised concerns about the recent changes in the Land Titles (Strata) Act which are intended to streamline the en bloc sale process and prevent lengthy disputes.

The previous attempt to sell the 33 year-old former HUDC estate for S$1.2 billion failed last year.

Channel NewsAsia – 2 May 2010

Achieving 80% but failing to find a buyer does not fall within the 'relevant event' category.