Another example of a bulk transaction made not too long ago is the sale of 111 Emerald Hill’s remaining 16 units. The completed freehold The Criterion EC condominium project is comprised of 40 units. There was also the privatisation of 14 units at Straits Trading’s The Holland Collection, which fetched a price of $53.8 million and was purchased by Haiyi Holdings. Haiti Holdings is Chinese businessman George Tang and his wife’s private vehicle.

Bulk Transactions Booking Date The Criterion

Concurrently, the listed SingHaiyi Group is said to be making plans to sell the subsidiary, which is Balesteir Road’s freehold City Suites, to the main contractor of the project. Of the projected 56 units, only 10% have been sold as of April 2015.

Usually bulk sales such as these are done via a change of hands in ownership of shares. This is done by an SPV (Special Purpose Vehicle) developed the …