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FinancePine Grove Sticks to S$1.78B En Bloc Reserve Price as Owner Mandate Eludes
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The Pine Grove estate in Singapore is proceeding with a collective sale attempt at a reserve price of S$1.78 billion, but the bid has yet to secure the required mandate from owners ahead of the September 20 deadline. The article, published by The Business Times on July 30, 2026, reports that the mega en bloc sale effort is stalling as the estate's collective sale committee has not obtained sufficient owner consent to proceed. The deadline looms, and the sale's future remains uncertain without the necessary mandate. The piece highlights ongoing challenges in Singapore's en bloc market, where large-scale residential collective sales face hurdles in achieving owner consensus amid market conditions.
Source report
The estate's collective sale bid remains short of the required mandate ahead of the September 20 deadline.
By Jeanne Mah Published: Thu, Jul 30, 2026 · 06:11 PM
Pine Grove's collective sale committee is holding firm on its S$1.78 billion reserve price, even as the sprawling estate's en bloc attempt has yet to secure enough owner support to move forward.
With the September 20 deadline approaching, the sale bid remains short of the mandate needed to proceed. The committee has not adjusted the reserve price despite the lack of momentum, signaling confidence in the valuation of the 99-year leasehold property.
The mega en bloc attempt, one of the largest in recent years, involves a significant number of units across the development. If successful, it would rank among Singapore's biggest collective sales.
This is a developing story. Stay updated with The Business Times for further developments.
Source
The Business TimesRegional
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Pine Grove Sticks to S$1.78 Billion Reserve Price as En Bloc Sale Lags