30 Mar '15, 10am

Two owners appeal ruling on Gilstead Court sale

Two owners appeal ruling on Gilstead Court sale

Comment E-mail to friend Bookmark & Share Two homeowners at Gilstead Court in Newton have appealed a decision by the High Court which gave the green light for the en bloc sale of the condominium, according to media reports. Represented by Stamford Law Corporation director Adrian Tan, the minority owners are asking the Court of Appeal to review a part of last month’s decision by High Court Judge Quentin Loh supporting the $150.2 million sale. Notably, five owners who objected to the deal were imposed with financial penalties under the sales agreement. One of the penalties required them to pay twice the contributions given by consenting owners towards a common fund that was set up to cover the costs related to the en bloc sale. They were also made to pay an additional $135,000 for the Strata Titles Board proceedings. The case was brought up to the High Court following failed...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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