Bids for CPF Building top S$500m: sources
Two of the highest bids said to have possibly come from Ascendas-Singbridge and Richard Li's PCPD
Add BT as a preferred source
Kalpana Rashiwala
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
BIDS for the CPF Building at 79 Robinson Road have gone past S$500 million - surpassing the S$450 million that market watchers were expecting when the tender for the ageing office block was launched two months ago, BT understands.
The tender exercise, which closed on Oct 28, is said to have drawn fewer than 10 bids. The two highest offers came in close to each other - one from a Singapore party and the other from a foreign bidder.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
