Source : The Straits Times, May 15, 2009
THE troubled $548 million Gillman Heights enbloc sale was due for closure on Friday, but a last minute hitch has stalled the deal.
The sale, which has dragged on for two controversy-racked years, was supposed to have been signed off by last night but the owners' lawyers told The Straits Times that the buyers did not complete the deal.
The buyers - a group called Ankerite and led by property giant CapitaLand - raised some issues out of the blue on April 30 relating to routine funds held by the condo's management.
Read the full report in Saturday's edition of The Straits Times.
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