High Street Centre owners in private talks after close of S$748 million en bloc tender
Add BT as a preferred source
THE owners of High Street Centre have entered into a 10-week private treaty negotiation period with interested parties after its en bloc sale tender closed on Thursday (Jan 25).
The Business Times understands that the conditions set under the tender terms had not been met.
This is the second time the 99-year leasehold development was launched for collective sale. It was first put up for sale in June 2020 at a reserve price of S$800 million. The tender was relaunched in October 2023 at a S$748 million reserve price, 6.5 per cent lower than the previous attempt.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
EU and Asean at 50: time for bold action
