High Street Centre owners in private talks after close of S$748 million en bloc tender

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.