High Court approves Shunfu Ville collective sale

Property developer Qingjian Realty yesterday obtained High Court approval for the collective purchase of Shunfu Ville estate.

The Straits Times understands that two owners who had objected to the sale were at the High Court yesterday, but were not represented by lawyers. No written judgment was issued, but the objecting owners have 30 days to file an appeal.

shunfu ville collective sale

Dentons Rodyk and Davidson senior partner Lee Liat Yeang, who is acting for Qingjian, said: "This is an important jab of confidence in the collective sale market, which has not seen much success in the past few years."

In May last year, around 82 per cent of Shunfu Ville owners agreed to sell the 358-unit privatised Housing and Urban Development Company estate to Qingjian Realty.