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Mandarin Gardens owners turned nose up at S$3 billion tag; will latest en bloc effort succeed?
The mega development, near East Coast Park, formed a collective sale committee on Sunday.
Its previous attempt in 2018 came to naught when the committee failed to obtain enough signatures to launch a tender.
With the S$2.93 billion reserve price back then, the owners could have each received between S$1.9 million and nearly S$6 million, depending on the unit sizes.