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Golden Mile Tower’s bid at S$600 million collective sale closes with no bids 

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Jessie Lim

Jessie Lim

Published Wed, May 24, 2023 · 08:26 PM
    • Located in District 7, Golden Mile Tower, which was completed in 1974, is valued at S$598 million.
    • Located in District 7, Golden Mile Tower, which was completed in 1974, is valued at S$598 million. PHOTO: ERA REALTY

    THE collective sale tender of Golden Mile Tower closed on May 8 with no bids again, The Business Times (BT) has learnt. 

    However, the development’s owners have entered into private treaty negotiations with “several” interested parties, said a spokesperson from ERA, which is marketing the property. BT understands that none of the offers have matched the reserve price of S$600 million.

    On Apr 7, Golden Mile Tower was relaunched for collective sale, after a first en bloc attempt at an indicative price of S$650 million closed on Jan 9 without a deal.

    Collective saleCommercial propertySpotlight

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