Pollux Properties' Unit Faces SG$650,000 Defects Claim

MT Newswires08-09

Pollux Properties (SGX:5AE) disclosed that its unit, Giorgio Residences, received a SG$650,000 claim over alleged defects at Mayfair Residences, according to a Thursday filing on the Singapore Exchange.

The claim, served by the Management Corporation Strata Title Plan No. 4665, was discovered after Giorgio was restored to the Register on July 4.

Pollux is seeking legal advice and plans to defend the claim, which it says won't materially impact its financials or operations, as per the filing.

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