Hotel Properties Limited on Thursday said Singapore's High Court has dismissed the appeals by the minority sellers in Horizon Towers' en bloc sale.
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HPL, Morgan Stanley Real Estate and Qatar Investment Authority agreed to pay $500 million for the condo located in the prime district. The deal was inked in January last year, before the property prices shot up.
But the closure of the collective sale was delayed after a group of minority owners put up an appeal saying the sale was carried out in bad faith. -- BT Newsroom
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