Monday, March 29, 2010

Pender Court up for en bloc

Pender Court, the 48-unit, District 4 apartment located just off Telok Blangah Road is now up for en bloc. Sitting at the foot of Mount Faber, the owners are hoping for a $100m-$108m windfall.

This is their second attempt at selling their home. They had already pocketed $12m from a failed en bloc back in April 2008 when the initial buyer decided to cut their losses.

This en bloc is the sixth one since the beginning of 2010. So far the outlook for a successful en bloc looks rather dim given the sizable number of available residential plots put out by the Government this year.

As posted in h88.com.sg by John

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