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Sim Lian tipped to have bid S$970m for Tampines Court

If the sale goes through, this collective sale could be the second largest in Singapore after Farrer Court in 2007

Singapore

SIM Lian Development is believed to have placed a bid of S$970 million for the collective sale of Tampines Court.

On Tuesday evening, Huttons Asia, the marketing agent for the privatised HUDC (Housing and Urban Development Company) estate, said the tender for the site, which closed at 3 pm the same day, received a bid of that sum - above the reserve price of S$952 million.

Terence Lian, who heads investment sales at Huttons Asia, did not identify the party, but said conditions were attached...

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