About 50 owners of units at Horizon Towers met Hotel Properties (HPL) chief Ong Beng Seng and his lawyers at Hilton Hotel on Wednesday. Channel NewsAsia understands that about 30 of them are still keen to sell their units to the potential buyer - a consortium led by HPL.
They want to avoid the costly legal battle with the consortium, which has threatened to sue them after the en bloc deal hit a snag.
The Strata Titles Board (STB) had rejected their application to sell due to a technical error in the sale paperwork.
And the majority owners missed the subsequent deadlines to re-apply.
Lawyers say the owners cannot sell their units individually.
And to avoid going to court, they have to elect a new sales committee, get an extension from STB and re-submit the en bloc proposal.
Otherwise, the buyers would have no choice but to sue the sellers.
Channel NewsAsia understands the condominium's owners have scheduled a meeting on Thursday evening to discuss the issue and possibly elect a new sales committee. - CNA/ir
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