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Sale of Equity Plaza may be in the works

Sam Goi-controlled GSH Corp said to be in talks; price tipped at $550-560m

Kalpana Rashiwala

Published Thu, Apr 24, 2014 · 10:00 PM

NEGOTIATIONS are under way for a potential sale of Equity Plaza, a landmark quadrant-shaped office block beside Republic Plaza in the Raffles Place financial district.

Talk in the market is that listed GSH Corporation and its chairman and key shareholder, Sam Goi Seng Hui, are teaming up with a view to acquire the 28-storey office tower. They may be entering an exclusive due diligence period on the asset, BT understands.

The price is thought to be around $550-560 million, which would work out to $2,177-$2,217 per …

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