If you’ve been following my blog, you’ll know that our en bloc journey has been a rollercoaster of emotions. Back in January, I wrote about our relaunch, hoping we’d receive one big angpow to usher in the Year of the Horse.
Well, the angpow arrived a little late, but it’s massive.
Loyang Valley has officially been sold for $880 million to a SingHaiyi Group-led consortium! It was literally third-time lucky for our aging but charming 362-unit estate. After 8 long years of grinding effort and 3 separate attempts, we finally crossed the finish line.
How The Deal Finally Went Down
To be completely honest, it felt like a scary case of déjà vu earlier this year. When the public tender closed on February 10th without any bids, my heart sank. It brought back all the painful memories of December 2022 when we faced the exact same silence from the market.
But this time, the private treaty phase was a whole different ball game. Seven different developers showed interest!...