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Far East Shopping Centre back on market at unchanged S$928 million asking price
This follows Glory Property Developments pulling out of an earlier deal to acquire building
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Published Fri, Apr 19, 2024 · 05:18 PM
FAR East Shopping Centre has been put back on the market, in a fresh tender pitched at the same guide price of S$928 million.
This comes after Glory Property Developments, a company linked to Chinese businessman Du Shuanghua’s Bright Ruby Resources, pulled out of a deal announced in September 2023 to acquire the building.
If it had not fallen through, the deal, said to be struck at around S$910 million, would have been the largest collective sale of 2023.
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