Will Sam Goi-led consortium do bulk sale of GSH Plaza?

THE refurbishment of GSH Plaza - formerly known as Equity Plaza and sitting right next to Republic Plaza in the traditional Raffles Place financial district - has been completed.

However, based on caveats data, strata sales by the owner, a GSH Corporation-led consortium named Plaza Ventures, have been pretty slow.

The question many observers are pondering is whether the consortium will speed things up and do a bulk sale.

In December, GSH Corporation - controlled by "Popiah King" Sam Goi - responded to a query by the Singapore Exchange on the unusual price and volume movements in the company's shares, saying it was in "preliminary discussions in relation to a potential disposal transaction".

"No definitive legal documentation has been signed on the same matter," it added. The company did not specify which asset it was in talks to dispose…