Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender

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.