Albracca Condo – enbloc given “go-ahead” by the High Court

A 10-storey residential building at Meyer Road known as The Albracca was sold during a collective sale last year July for S$69.1million.

According to report from Todayonline, under Master Plan 2014, the land is zoned Residential, with Plot Ratio of 2.1 and development can accommodate high rise apartment of about 18 to 24 storeys.

One owner had objected to the sale (out of 11 units in total).

Strata Title Board (STB) will mediate when there are objections to a collective sale, and stop orders are issued when objections remain, whereby the sales committee will then have two weeks to apply to High Court to obtain a sale order.

Court gives go-ahead for Albracca en bloc sale

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