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Chip Eng Seng exits Tower Melbourne project with A$55m sale

Some 556 sales contracts with buyers have been cancelled and full deposit of 10 per cent of purchase price with interest have been made

Published Thu, Mar 15, 2018 · 09:50 PM

chip eng seng

Singapore

CHIP Eng Seng Corporation is exiting from Australian redevelopment project Tower Melbourne, now that it has found a buyer willing to pay A$55 million (S$56 million) for the site.

The group said on Thursday that it has entered into an agreement with the purchaser, who is not related to the company or its controlling shareholders.

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