Raintree Gardens en bloc for $334.2m
Some 175 homeowners (and their families) will each stand to be $1.9 million richer today, in exchange for their homes. Built in the late 1980s, Raintree Gardens, a residential development at Potong Pasir has been sold to joint venture company UVD (Projects) that is made up of UOL Group and United Industrial Corporation (UIC). This collective sale brings the total of all en bloc sales in 2016 to $1 billion. Earlier last month, a public tender was launched at $315