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NTUC co-op tipped as front runner for Jurong Point

Wednesday, February 22, 2017 - 05:50

Given the sheer size of the Jurong Point deal, it would not be surprising if Mercatus ropes in partners for the acquisition, market watchers said.


A NEW party has emerged in the race for Jurong Point mall.

The Business Times has learnt that Mercatus Co-operative - an NTUC social enterprise that owns and manages suburban malls - is now the front runner for Jurong Point.

Its bid is understood to be about S$2.2

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