Regent Garden owners file appeal despite sale completion (://URLFAN)
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Regent Garden owners file appeal despite sale completion

Post Date: May 16, 2008 7:37 p.m.
Ranked website: lushhomemedia.com (Not Ranked Yet)

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ONE of Singapore’s most unusual collective sale disputes, over Regent Garden, is now headed for the Court of Appeal even though the sale was completed yesterday. Last month, the High Court ruled that the $34 million sale of the West Coast Road condo to Allgreen Properties must go ahead. But now, the owners of 23 out of the 31 Regent Garden apartments have filed papers to take the case to Singapore’s highest court - the Court of Appeal. They cannot overturn the sale now that it has been completed, but they want the court to rule on certain ‘burning’ questions, and they might seek remedies if they succeed. They say other people involved in collective sales might be interested in getting answers to these questions. These majority owners, including owners of two units who did not join the appeal, had earlier sought to overturn the $34 million deal, claiming among other things that their condo had been undervalued. In a statement, the sale committee said: ‘These questions include ...

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