Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender
The guide price works out to a land rate of S$3,421 per square foot per plot ratio
Add BT as a preferred source
THE owners of Far East Shopping Centre are now in private talks with interested parties after its en bloc sale tender closed on Thursday (May 2), marketing agent CBRE told The Business Times.
The consultancy declined to comment on the level of interest in the collective sale and did not confirm whether any bids were received.
This is the latest sale attempt by the owners of the 999-year leasehold property along Orchard Road. The previous tender had fallen through with the buyer – Glory Property Developments, a company linked to Chinese businessman Du Shuanghua’s Bright Ruby Resources – pulling out of the acquisition.
TRENDING NOW
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus
Apex court rejects resulting trust claim in 99-1 condo dispute
Singapore shipping veteran, SBF chair Teo Siong Seng and others accused by US of price fixing
