Shop Owners Fight Sale of Katong Mall
 

Fri, Oct 24, 2008
The Straits Times

By Melissa Sim & Seow Kai Lun


AT LEAST 18 shop owners in Katong Mall have filed objections to a $219 million collective sale of the East Coast Road complex.

The owners, some of whom do not want to move from the mall, lodged a protest last month with the Strata Titles Board (STB), which deals with en bloc applications.

Property group Tuan Sing Holdings bought the mall, which has 256 units, in June.

THE battle surrounding the collective sale of Katong Mall has left the complex's stable of enrichment, tuition and music centres in a state of limbo, business owners told The Straits Times.

While the mall has been sold for $219 million, several minority owners are contesting the deal, making the future uncertain for the building's 28 education-related businesses.

'Although the place has been sold, nothing has been said to us,' said Mr Richard Lau, a sales manager at X'clusiv Interior, which moved to the mall in July.

Re: Shop Owners Fight Sale of Katong Mall
 

Well, one just cannot please everybody! :yippee: