CBRE to market sale of CPF Building

Singapore

THE Central Provident Fund (CPF) Board has appointed property consulting group CBRE to market the sale of the CPF Building at 79 Robinson Road.

The tender for a marketing agent closed on Feb 26 this year, attracting seven bids; CBRE's bid was the third-lowest.

The main criteria applied in the selection of the agent were price competitiveness of the fees quoted, the track record of the firm and its proposed sale strategy for marketing the building.

The tender was awarded on April 23.

When contacted, a spokeswoman for the CPF Board said the building will be put on the market either through tender or an expression-of-interest (EOI) exercise to be called in the third quarter of thi…