Freehold condominium Gloria Mansion has been sold en bloc for $70.3 million to Fraxtor Capital and a group led by the family offices of real estate veterans Daniel Teo and his brother Teo Teck Weng.

The sale of the 12-storey residential development, located at 292 Pasir Panjang Road, is the first full residential collective sale since the most recent round of property cooling measures was implemented in December last year.

Exclusive marketing agent Strata AMC had told The Business Times in December last year that Gloria Mansion was trying for a collective sale again with a $69 million reserve price.

Read more at: https://www.straitstimes.com/business/property/gloria-mansion-at-pasir-panjang-sold-en-bloc-for-703-million