Bids for Florence Regency come in below independent valuation
Marketing agent JLL is going back to all interested parties to consider an offer at or above the valuation price
Add BT as a preferred source
Singapore
FLORENCE Regency, a privatised HUDC estate in Hougang, received three bids at the close of its public tender.
But the collective sales committee was not able to award the tender to the top bidder as the bid price, while above the reserve price of S$600 million, was below valuation, BT understands.
