Florence Residences Showflat

We are formerly known as Florence Regency at Hougang Avenue 2, now named as The Florence Residences, with Chinese name as 悦湖苑. Previously it was finally been sold to Logan Property Developers, a Chinese developer. This collective sale was marked by a deal worth S$629 million for the transfer of ownership of the property. The sale comes after the rejection of bids exceeding the S$600 million reserve price set by the owners of The Florence Residences Showflats.

The public tender for the en block sale of this property had closed with 3 top bidders refusing to increase their bid prices to meet the stipulated valuation in the collective sale agreement by law firm Lee $ Lee. The collective sale agreement that no sale price lower than the valuation price of The Florence Residences Condo should be accepted. This requirement prompted drove JLL to court other interested developers to ensure that the bid attained the deal under the agreement before the ten weeks of the close of the public tender are over.

Comments

Popular posts from this blog

The Florence Residences

Florence Residences Price

Florence Residences Showflat