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