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MORE THAN 80% OF OWNERS AT GOLDEN MILE COMPLEX CONSENT TO $700M EN BLOK SALE

The collective sale committee received more than 80% consent of the owners at Golden Mile Complex for the en bloc sale for $700 million.

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The marketing agent for the development, Edmund Tie & Company, said that they have received overwhelming support for the sale, according to CNA.

They added that they have gotten more than 80% of the owners’ consent on the strata area and share value within a record time of 15 days.

The buyer was not named.

The verification of the signatures will be conducted, which will take about a week to finish. And under the “conditional agreement, the collective sale committee has up till May 9 2022 to exercise the option.”

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And “once the conditional agreement has been exercised, we will hold an Owners’ Meeting as soon as is practicable to share with you the indicative sale timeline and the steps forward.”

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